Net Income (Loss) per Share

3 Months Ended

Apr. 04, 2020

Earnings Per Share [Abstract]

Net Income (Loss) per Share

Net Income (Loss) per Share

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share (in thousands, except per share amounts):

	Three Months Ended
	April 4, 2020		March 30, 2019
Numerator:
Net income (loss)	$	20,294	$	(79,465)
Denominator:
Weighted-average shares of common stock—basic for Class A and Class B	265,661		253,124
Effect of dilutive securities	11,285		—
Weighted-average shares of common stock—diluted for Class A and Class B	276,946		253,124
Net income (loss) per share:
Basic	$	0.08	$	(0.31)
Diluted	$	0.07	$	(0.31)

The following potentially dilutive common shares were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been anti-dilutive (in thousands):

	Three Months Ended
	April 4, 2020	March 30, 2019
Stock options to purchase common stock	12,645	15,774
RSUs	24,723	24,002
Warrant	230	230
Diluted impact of Employee Stock Purchase Plan	—	1,287
Total	37,598	41,293