Net (Loss) Income Per Share (Tables)

6 Months Ended

Jul. 02, 2022

Earnings Per Share [Abstract]

Summary of Computation of Basic and Diluted Net (Loss) Income Per Share

The following is a computation of basic and diluted net (loss) income per share (amounts in thousands, except per share amounts):

	For the three-month periods ended					For the six-month periods ended
	July 2, 2022			July 3, 2021		July 2, 2022			July 3, 2021
Numerator:
Net (loss) income	$	(473,887	)	$	1,260	$	(448,553	)	$	7,058
Denominator:
Weighted average shares of common stock outstanding (1), basic		184,953			171,149		184,940			156,636
Net (loss) income per share, basic	$	(2.56	)	$	0.01	$	(2.43	)	$	0.05
Weighted average shares of common stock outstanding (1), diluted		184,953			177,683		184,940			161,975
Net (loss) income per share, diluted	$	(2.56	)	$	0.01	$	(2.43	)	$	0.04
Dilutive securities outstanding not included in the computation of diluted net (loss) income per share as their effect is antidilutive:
RSUs		4,472			-		4,472			-
PSUs		1,390			-		1,390			-
Stock options		14,679			4,703		14,679			5,649

(1)The calculation of weighted average shares of common stock outstanding includes all vested deferred restricted stock units.