Net Income (Loss) per Share Attributable to Common Stockholders (Tables)

9 Months Ended

Nov. 05, 2023

Summary of Computation of Basic and Diluted Net Income (Loss) per Share Attributable to Common Stockholders

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


	Third Quarter of Fiscal				First Three Quarters of Fiscal
	2023		2024		2023		2024
Numerator:
Net income (loss)	$	(787)	$	70,389	$	(1,400)	$	(4,127)
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic	300,984		314,153		298,101		309,842
Add: Dilutive effect of common stock equivalents	—		16,102		—		—
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted	300,984		330,255		298,101		309,842

Net income (loss) per share attributable to common stockholders, basic	$	(0.00)	$	0.22	$	(0.00)	$	(0.01)
Net income (loss) per share attributable to common stockholders, diluted	$	(0.00)	$	0.21	$	(0.00)	$	(0.01)

Summary of Weighted-average Outstanding Shares Excluded from Computation of Diluted Net Income (Loss) per Share Attributable to Common Stockholders

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (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
	2023	2024	2023	2024
Stock options to purchase common stock	10,164	—	10,812	7,185
Unvested RSUs and PRSUs	29,809	—	30,510	31,115
Unvested LTP Awards	—	—	—	2,298
Unvested restricted stock	—	—	8	—
Shares related to convertible senior notes	21,884	—	21,884	5,772
Shares issuable pursuant to the ESPP	450	—	450	655

Total	62,307	—	63,664	47,025