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Net Loss per Share
12 Months Ended
Dec. 30, 2017
Earnings Per Share [Abstract]  
Net Loss per Share
Net Loss Per Share

We compute basic net loss per share by dividing net loss by the weighted average number of common shares outstanding during the period. To determine diluted share count, we apply the treasury stock method to determine the dilutive effect of outstanding stock option shares, restricted stock units ("RSUs"), and Employee Stock Purchase Plan ("ESPP") shares. Our application of the treasury stock method includes, as assumed proceeds, the average unamortized stock-based compensation expense for the period. When we are in a net loss position, we do not include dilutive securities as their inclusion would reduce the net loss per share.

A summary of basic and diluted net loss per share is presented below:
 
 
Year Ended
(in thousands, except per share data)
 
December 30,
2017
 
December 31,
2016
 
January 2,
2016
Net loss
 
$
(70,562
)
 
$
(54,099
)
 
$
(159,233
)
 
 
 
 
 
 
 
Shares used in basic and diluted net loss per share
 
122,677

 
119,994

 
117,387

 
 
 
 
 
 
 
Basic and diluted net loss per share
 
$
(0.58
)
 
$
(0.45
)
 
$
(1.36
)


The computation of diluted net loss per share excludes the effects of stock options, RSUs, and ESPP shares that are antidilutive, aggregating approximately the following number of shares:
 
 
Year Ended
(in thousands)
 
December 30,
2017
 
December 31,
2016
 
January 2,
2016
Stock options, RSUs, and ESPP shares excluded as they are antidilutive
 
6,622

 
8,978

 
9,243



Stock options, RSUs, and ESPP shares are considered antidilutive when the aggregate of exercise price and unrecognized stock-based compensation expense are greater than the average market price for our common stock during the period. Stock options, RSUs, and ESPP shares that are antidilutive at December 30, 2017 could become dilutive in the future.