Net Loss per Share (Tables)

6 Months Ended

Jul. 04, 2020

Schedule of basic and diluted net loss per share

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


	Three Months Ended						Six Months Ended
	July 4, 2020		June 29, 2019		July 4, 2020		June 29, 2019
Numerator:
Net loss	$	(104,097)	$	(68,518)	$	(83,803)	$	(147,983)

Denominator:
Weighted-average shares of common stock—basic for Class A and Class B	267,872		256,160		266,742		254,659
Effect of dilutive securities	—		—		—		—
Weighted-average shares of common stock—diluted for Class A and Class B	267,872		256,160		266,742		254,659
Net loss per share:
Basic	$	(0.39)	$	(0.27)	$	(0.31)	$	(0.58)
Diluted	$	(0.39)	$	(0.27)	$	(0.31)	$	(0.58)

Schedule of antidilutive securities excluded from earnings per share

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


	Three Months Ended				Six Months Ended
	July 4, 2020	June 29, 2019		July 4, 2020	June 29, 2019

Stock options to purchase common stock	11,927	15,594		11,927	15,684
RSUs	22,237	20,712		22,237	22,357
Warrant	230	230		230	230
Diluted impact of Employee Stock Purchase Plan	—	1,354		—	1,321

Total	34,394	$	37,890	34,394	39,592