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Net Income (Loss) Per Share Available to Common Stockholders
9 Months Ended
Sep. 28, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Available to Common Stockholders Net Income (Loss) Per Share Available to Common Stockholders
The Company calculates basic and diluted net income (loss) per share available to common stockholders in conformity with the two-class method required for companies with participating securities. See Note 2. Computation of EPS for the three months ended September 28, 2019 includes the dilutive effect of 5,608,822 shares, issuable under stock options with exercise prices below the closing price of the Company's common stock on the last trading day of the applicable period and 1,802 RSUs, but excludes the dilutive effect of 411 RSUs because their inclusion would be anti-dilutive.
Computation of EPS for the nine months ended September 28, 2019 excludes the dilutive effect of 6,087,169 shares issuable under stock options and 85,121 RSUs, because the Company incurred a net loss and their inclusion would be anti-dilutive. Computation of EPS for the three and nine months ended September 29, 2018 excludes the dilutive effect of 4,807,941 shares issuable under stock options because the Company incurred net losses and their inclusion would have been antidilutive.
(in thousands, except share and per share amounts)
 
Three Months Ended
 
Nine Months Ended
 
September 28,
2019
 
September 29,
2018
 
September 28,
2019
 
September 29,
2018
Numerator:
 
 
 
 
 
 
 
 
Undistributed net income (loss) available to common stockholders
 
$
4,090

 
$
(9,342
)
 
$
(11,991
)
 
$
(22,434
)
Undistributed net income available to nonvested restricted stockholders
 
9

 

 

 

Net income (loss) available to common stockholders—basic
 
4,099

 
(9,342
)
 
(11,991
)
 
(22,434
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average common shares outstanding—basic
 
60,415,866

 
6,441,838

 
35,806,520

 
6,103,756

Dilutive effect of shares issuable under stock options
 
5,608,822

 

 

 

Dilutive effect of RSUs
 
1,802

 

 

 

Weighted average common shares outstanding—diluted
 
66,026,490

 
6,441,838

 
35,806,520

 
6,103,756

Net income (loss) per common share available to common stockholders—basic
 
$
0.07

 
$
(1.45
)
 
$
(0.33
)
 
$
(3.68
)
Net income (loss) per common share available to common stockholders—diluted
 
$
0.06

 
$
(1.45
)
 
$
(0.33
)
 
$
(3.68
)