Net Income Per Share Attributable to Common Stockholders

3 Months Ended

Jan. 02, 2021

Net Income Per Share Attributable to Common Stockholders

Basic net income attributable to common stockholders per share is calculated by dividing net income attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net income per share attributable to common stockholders adjusts the basic net income per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.

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


	Three Months Ended
	January 2, 2021		December 28, 2019
(In thousands, except share and per share data)
Numerator:
Net income attributable to common stockholders - basic and diluted	$	132,292	$	70,775
Denominator:
Weighted-average shares of common stock—basic	115,610,523		108,984,683
Effect of potentially dilutive stock options	8,105,916		6,751,412
Effect of RSUs	6,927,708		2,679,873
Weighted-average shares of common stock—diluted	130,644,147		118,415,968
Net income per share attributable to common stockholders:
Basic	$	1.14	$	0.65
Diluted	$	1.01	$	0.60

The following potentially dilutive shares were excluded from the computation of diluted net income per share attributable to common stockholders because including them would have been antidilutive:


	Three Months Ended
	January 2, 2021	December 28, 2019
Stock options to purchase common stock	17,074,467	29,628,623
Restricted stock units	5,489,890	4,278,556
Total	22,564,357	33,907,179