XML 32 R18.htm IDEA: XBRL DOCUMENT v3.19.2
Net Loss Per Share Attributable to Common Stockholders
3 Months Ended
Mar. 30, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders
Net Loss Per Share Attributable to Common Stockholders
The Company calculates basic and diluted net loss per share attributable to common stockholders in conformity with the two-class method required for companies with participating securities. The Company considers all series of convertible preferred stock issued and outstanding prior to the IPO to be participating securities. Under the two-class method, the net loss attributable to common stockholders is not allocated to the convertible preferred stock as the holders of convertible preferred stock issued and outstanding prior to the IPO do not have a contractual obligation to share in losses.
The diluted net loss per share attributable to common stockholders is computed by giving effect to all potential dilutive common stock equivalents outstanding for the period. For purposes of this calculation, options to purchase common stock, common stock warrants and securities such as convertible preferred stock and convertible preferred stock warrants that were issued and outstanding before the Company’s IPO, are considered common stock equivalents but have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is antidilutive. Basic and diluted net loss per common share was the same for each period presented, as the inclusion of all potential common shares outstanding would have been antidilutive.
(in thousands, except share and per share amounts)
 
Three Months Ended
 
March 30, 2019
 
March 31, 2018
Numerator:
 
 
 
 
Net loss attributable to common stockholders
 
$
(6,649
)
 
$
(5,696
)
Denominator:
 
 
 
 
Weighted average common shares outstanding—basic
 
6,974,301

 
5,793,801

Dilutive effect of stock equivalents resulting from stock options, common stock warrants, preferred stock warrants and convertible preferred stock (as converted)
 

 

Weighted average common shares outstanding—diluted
 
6,974,301

 
5,793,801

Net loss per common share—basic and diluted
 
$
(0.95
)
 
$
(0.98
)

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 the impact of including them would have been antidilutive:
 
 
March 30, 2019
 
March 31, 2018
Convertible preferred stock (as converted)
 
41,562,111

 
39,474,156

Preferred stock warrants (as converted to common stock warrants and subsequently exercised)
 
160,767

 
160,767

Common stock warrants (as exercised)
 
60,002

 

Total
 
41,782,880

 
39,634,923