XML 43 R31.htm IDEA: XBRL DOCUMENT v3.25.3
Net Loss per Share (Tables)
9 Months Ended
Sep. 28, 2025
Earnings Per Share [Abstract]  
Schedule of Effect of the Warrant Dividends to Reported Shares and Net Loss Per Share and Computation of Basic and Dilute Net EPS of Common Stock
The following table sets forth the computation of our basic and diluted net EPS of common stock for the periods presented below (in thousands, except share and per share amount).
Fiscal Quarters EndedFiscal Years-to-Date Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Numerator:
Net loss attributable to common stockholders - basic$(53,713)$(22,536)$(121,751)$(184,776)
Decrease in fair value of Private Placement Warrants(1,837)(29,899)— — 
Net loss attributable to common stockholders - diluted$(55,550)$(52,435)$(121,751)$(184,776)
Denominator:
Weighted-average shares outstanding used in computing net loss per share of common stock, basic(1)
206,458,846 187,785,319 204,758,291 183,229,182 
Dilutive effect of Private Placement Warrants352,469 191,804 — — 
Weighted-average shares outstanding used in computing net loss per share of common stock, diluted(1)
206,811,315 187,977,123 204,758,291 183,229,182 
Net loss per share of common stock(1):
Basic$(0.26)$(0.12)$(0.59)$(1.01)
Diluted$(0.27)$(0.28)$(0.59)$(1.01)
(1) As required by ASC 260, Earnings Per Share, the share and per share amounts for the periods presented in the above table have been retroactively adjusted to reflect the Warrants issued in July 2025 (see Note 10 “Treasury Stock, Warrant Dividend and Warrants” for more details). The following reconciliation table showed the effect of the Warrants to the previously reported shares and net loss per share amount (in thousands, except share and per share amount).
September 29, 2024
Fiscal QuarterFiscal Year-to-Date
Numerator:
Net loss attributable to common stockholders - basic and diluted (as reported)$(22,536)$(184,776)
Dilutive effect of Private Placement Warrants(29,899)— 
Weighted-average shares outstanding used in computing net loss per share of common stock, diluted(52,435)(184,776)
Denominator:
Weighted-average shares outstanding used in computing net loss per share of common stock, basic (as previously reported)176,680,578 172,393,869 
Effect of the Warrants
11,104,741 10,835,313 
Weighted-average shares outstanding used in computing net loss per share of common stock, basic (as adjusted)187,785,319 183,229,182 
Weighted-average shares outstanding used in computing net loss per share of common stock, diluted (as previously reported)176,872,382 172,393,869 
Effect of the Warrants
11,104,741 10,835,313 
Weighted-average shares outstanding used in computing net loss per share of common stock, diluted (as adjusted)187,977,123 183,229,182 
Net loss per share of common stock:
Basic (as previously reported)$(0.13)$(1.07)
Basic (as adjusted)$(0.12)$(1.01)
Diluted (as previously reported)$(0.30)$(1.07)
Diluted (as adjusted)$(0.28)$(1.01)
Schedule of Potentially Dilutive Securities Excluded From Computation of Diluted Loss Per Share
The following table discloses shares of the securities that were not included in the diluted EPS calculation above because they are anti-dilutive for the periods presented above.
Fiscal Quarters EndedFiscal Years-to-Date Ended
September 28, 2025September 29, 2024September 28, 2025September 29, 2024
Stock options outstanding1,254,707 1,835,751 1,254,707 1,835,751 
Restricted stock units and performance restricted stock units outstanding13,647,149 15,126,611 13,647,149 15,126,611 
Assumed conversion of Convertible Senior Notes15,994,994 11,053,800 12,700,865 11,053,800 
Private Placement Warrants outstanding— — 5,500,000 5,500,000 
Employee stock purchase plan estimated shares296,202 229,671 296,202 229,671