Net Loss per Share

9 Months Ended

Oct. 03, 2020

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				Nine Months Ended
	October 3, 2020		September 28, 2019		October 3, 2020		September 28, 2019
Numerator:
Net loss	$	(54,452)	$	(51,893)	$	(138,255)	$	(199,876)

Denominator:
Weighted-average shares of common stock—basic for Class A and Class B	270,443		258,753		267,958		256,046
Effect of dilutive securities	—		—		—		—
Weighted-average shares of common stock—diluted for Class A and Class B	270,443		258,753		267,958		256,046
Net loss per share:
Basic	$	(0.20)	$	(0.20)	$	(0.52)	$	(0.78)
Diluted	$	(0.20)	$	(0.20)	$	(0.52)	$	(0.78)

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			Nine Months Ended
	October 3, 2020	September 28, 2019		October 3, 2020	September 28, 2019

Stock options to purchase common stock	11,255	15,384		11,255	15,584
RSUs	19,084	18,279		19,084	20,998
Warrant	230	230		230	230
Diluted impact of Employee Stock Purchase Plan	—	1,412		—	1,351

Total	30,569	$	35,305	30,569	38,163