Net Loss Per Share

12 Months Ended

Dec. 30, 2023

17. NET LOSS PER SHARE

The Company uses the treasury stock method to calculate net loss per share. Basic net loss per share is calculated by dividing net loss by the weighted average number of shares of common stock outstanding for the period. Diluted net loss per share is calculated by dividing net loss by the diluted weighted average number of shares of common stock outstanding for the period. For purposes of this calculation, outstanding stock options are considered potential dilutive shares of common stock. The following is a computation of basic and diluted net loss per share (amounts in thousands, except per share amounts):


	For the fiscal years ended
	December 30, 2023			December 31, 2022
Numerator:
Net loss	$	(134,524	)	$	(662,034	)
Denominator:
Weighted average shares of common stock outstanding (1), basic and diluted		189,956			185,553
Net loss per share, basic and diluted	$	(0.71	)	$	(3.57	)

Dilutive securities outstanding not included in the computation of diluted net loss per share, as their effect is antidilutive:
RSUs		7,460			4,113
PSUs		3,985			1,361
Stock options		13,153			14,375

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