Net Loss Per Share

3 Months Ended

Mar. 29, 2020

NET LOSS PER SHARE

We calculate basic net loss per share by dividing earnings allocated to common stockholders by the basic weighted-average number of common shares outstanding for the period.

Diluted weighted-average shares is computed using basic weighted-average number of common shares outstanding plus any potentially dilutive securities outstanding during the period using the treasury-stock-type method and the if-converted method, except when their effect is anti-dilutive. Potentially dilutive securities include stock options, restricted stock units, and the outstanding senior convertible debentures.

The following table presents the calculation of basic and diluted net loss per share attributable to stockholders:


	Three Months Ended
(In thousands, except per share amounts)	March 29, 2020		March 31, 2019
Basic net income loss per share:
Numerator:
Net loss attributable to stockholders	$	(1,431)	$	(89,724)
Denominator:
Basic weighted-average common shares	168,822		141,720

Basic net loss per share	$	(0.01)	$	(0.63)

Diluted net loss per share¹
Numerator:
Net loss attributable to stockholders	$	(1,431)	$	(89,724)


Net loss available to common stockholders	$	(1,431)	$	(89,724)
Denominator:
Basic weighted-average common shares	168,822		141,720
Effect of dilutive securities:
Restricted stock units	—		—


Dilutive weighted-average common shares:	168,822		141,720

Dilutive net loss per share	$	(0.01)	$	(0.63)

¹As a result of our net loss attributable to stockholders for the three months ended March 29, 2020 and March 31, 2019, the inclusion of all potentially dilutive stock options, restricted stock units, and common shares under noted warrants and convertible debt would be anti-dilutive. Therefore, those stock options, restricted stock units and shares were excluded from the computation of the weighted-average shares for diluted net loss per share for such periods.

The following is a summary of outstanding anti-dilutive potential common stock that was excluded from diluted net loss per share attributable to stockholders in the following periods:


	Three Months Ended
(In thousands)	March 29, 2020	March 31, 2019
Restricted stock units	5,447	7,294
4.00% debentures due 2023	13,922	13,922
0.875% debentures due 2021	6,350	8,203