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Net loss per share attributable to common stockholders
12 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
Net loss per share attributable to common stockholders
Net loss per share attributable to common stockholders

Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. The Company considers its redeemable convertible preferred stock to be participating securities as the holders of redeemable convertible preferred stock were entitled to receive noncumulative dividends in the event that a dividend was paid on common stock. Upon the closing of the IPO, all outstanding shares of the Company’s redeemable convertible preferred stock automatically converted into 32,482,590 shares of common stock on a one-for-one basis.

Basic net loss attributable to common stockholders per share is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net loss per share attributable to common stockholders adjusts the basic net loss per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock options and RSUs, using the treasury stock method, and convertible preferred stock using the as-if-converted method.

The following table sets forth the computation of the Company’s basic and diluted net loss per share
attributable to common stockholders:

 
2019
 
2018
 
2017
(In thousands, except share and per share data)
 
 
 
 
 
Numerator:
 
 
 
 
 
Net loss attributable to common stockholders - basic and diluted
$
(4,766
)
 
$
(15,604
)
 
$
(14,217
)
Denominator:
 
 
 
 
 
Weighted-average shares of common stock - basic and diluted
103,783,006

 
65,706,215

 
56,314,546

Net loss per share attributable to common stockholders:
 
 
 
 
 
Net loss per share attributable to common stockholders - basic and diluted
$
(0.05
)
 
$
(0.24
)
 
$
(0.25
)


The following potentially dilutive shares as of the end of each period presented were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:
 
2019
 
2018
 
2017
Stock options to purchase common stock
42,300,183

 
48,504,182

 
45,817,252

RSUs
4,147,463

 

 

Convertible preferred stock

 

 
32,482,590

Shares subject to repurchase

 

 
53,892

Total
46,447,646

 
48,504,182

 
78,353,734