Net Income (Loss) Per Share

9 Months Ended

Oct. 03, 2021

(4) Net income (loss) per share

Basic net income (loss) per ordinary share is based on the weighted-average number of ordinary shares outstanding during the period. Diluted net income (loss) per ordinary share is based on the weighted-average number of ordinary shares and ordinary share equivalents, calculated using the treasury stock method, outstanding during the period. The Company excludes potential ordinary share equivalents from the calculation if the effect would be anti-dilutive. For each period specified below, the Company incurred a Net loss, except for fiscal quarter ended October 3, 2021, in which the Company reported Net income. For the periods in which the Company incurred a Net loss, it excluded potential ordinary share equivalents from the calculations of Diluted net loss per ordinary share because the effect was anti-dilutive. The weighted-average number of ordinary shares used in the computation of basic and diluted net income (loss) per share were as follows:


	Fiscal Quarter Ended			Fiscal Nine Months Ended
(In millions)	October 3, 2021	September 27, 2020	October 3, 2021		September 27, 2020
Basic weighted-average ordinary shares outstanding	235.6	146.4	225.4		146.4
Effect of stock options, unvested restricted shares and restricted stock units	7.2	—	—		—
Diluted weighted-average ordinary shares	242.8	146.4	225.4		146.4

The following table provides the total outstanding ordinary share equivalents, unaffected by the treasury stock method weighted-average calculation, as of the end of each period below:


	Fiscal Quarter Ended				Fiscal Nine Months Ended
(In millions)	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Stock options		13.9		16.2		13.9		16.2
Unvested restricted shares and restricted stock units		0.6		0.3		0.6		0.3
		14.5		16.5		14.5		16.5