Net Loss Per Share

3 Months Ended

Jul. 29, 2023

The Company reports both basic net income (loss) per share, which is based on the weighted-average number of shares of common stock outstanding during the period, and diluted net income (loss) per share, which is based on the weighted-average number of shares of common stock outstanding and potentially dilutive shares outstanding during the period. Net loss per share was determined as follows (in thousands, except per share amounts):


	Three months ended
	July 29, 2023		July 30, 2022
Numerator:
Net loss	$	(11,697)	$	(73)

Denominator:
Weighted-average shares - basic and diluted	149,277		145,077

Net loss per share:
Basic and diluted	$	(0.08)	$	—

Potential dilutive securities include dilutive ordinary shares from share-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential ordinary shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive. The following potentially dilutive securities outstanding (in thousands) have been excluded from the computations of diluted weighted average shares outstanding for the three months ended July 29, 2023 and July 30, 2022:


	Three Months Ended
	July 29, 2023	July 30, 2022
Share-based compensation awards	15,652	14,753
Customer warrant	4,080	4,080
	19,732	18,833