Net (Loss) Income Per (Tables)

6 Months Ended

Jul. 01, 2023

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 income (loss) per share (amounts in thousands, except per share amounts):

	For the three-month periods ended					For the six-month periods ended
	July 1, 2023		July 2, 2022			July 1, 2023			July 2, 2022
Numerator:
Net income (loss)	$	25,599	$	(473,887	)	$	(6,399	)	$	(448,553	)
Denominator:
Weighted average shares of common stock outstanding (1), basic		189,071		184,953			189,063			184,940
Net income (loss) per share, basic	$	0.14	$	(2.56	)	$	(0.03	)	$	(2.43	)
Weighted average shares of common stock outstanding (1), diluted		189,739		184,953			189,063			184,940
Net income (loss) per share, diluted	$	0.13	$	(2.56	)	$	(0.03	)	$	(2.43	)
Dilutive securities outstanding not included in the computation of diluted net income (loss) per share as their effect is antidilutive:
RSUs		3,434		4,472			8,401			4,472
PSUs		4,481		1,390			4,481			1,390
Stock options		14,110		14,679			14,110			14,679

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