Net Loss per Share Attributable to Common Stockholders

9 Months Ended

Nov. 01, 2020

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. Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs and PRSUs, cancelable shares from restricted stock, our Notes to the extent dilutive, and common stock issuable pursuant to the ESPP. These potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):

	Third Quarter of Fiscal				First Three Quarters of Fiscal
	2020		2021		2020		2021
Net loss	$	(29,982)	$	(74,222)	$	(196,336)	$	(229,783)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	255,047		269,144		250,618		265,626
Net loss per share attributable to common stockholders, basic and diluted	$	(0.12)	$	(0.28)	$	(0.78)	$	(0.87)

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):

	Third Quarter of Fiscal		First Three Quarters of Fiscal
	2020	2021	2020	2021
Stock options to purchase common stock	30,769	22,687	32,150	23,884
Unvested RSUs and PRSUs	24,251	32,802	24,544	31,743
Restricted stock subject to cancellation	2,732	964	2,762	1,301
Shares related to convertible senior notes	21,884	21,884	21,884	21,884
Shares issuable pursuant to the ESPP	571	1,080	571	1,080
Total	80,207	79,417	81,911	79,892