Net Income (Loss) Per Share (Tables)

3 Months Ended

Apr. 04, 2021

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


	Three Months Ended
(In thousands, except per share amounts)	April 4, 2021		March 29, 2020
Basic net income (loss) per share:
Numerator:
Net (loss) income attributable to stockholders - continuing operations	$	(48,385)	$	21,540
Net loss attributable to stockholders - discontinued operations	—		(22,971)
Net loss attributable to stockholders	$	(48,385)	$	(1,431)
Denominator:
Basic weighted-average common shares	171,200		168,822

Basic net (loss) income per share - continuing operations	$	(0.28)	$	0.13
Basic net loss per share - discontinued operations	—		(0.14)
Basic net loss per share	$	(0.28)	$	(0.01)

Diluted net income per share:
Numerator:
Net (loss) income attributable to stockholders - continuing operations	$	(48,385)	$	21,540
Add: Interest expense on 0.875% debentures due 2021, net of tax	—		505

Net (loss) income available to common stockholders - continuing operations	(48,385)		22,045
Net loss available to common stockholders - discontinued operations	$	—	$	(22,971)
Denominator:
Basic weighted-average common shares	171,200		168,822
Effect of dilutive securities:
Restricted stock units	—		2,104
0.875% debentures due 2021	—		6,350

Dilutive weighted-average common shares:	171,200		177,277

Dilutive net (loss) income per share - continuing operations	$	(0.28)	$	0.12
Dilutive net loss per share - discontinued operations	—		(0.13)
Dilutive net loss per share	$	(0.28)	$	(0.01)

Schedule of outstanding anti-dilutive potential common stock excluded from loss per share

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


	Three Months Ended
(In thousands)	April 4, 2021	March 29, 2020
Restricted stock units	876	3,343
0.875% debentures due 2021	1,575	—
4.00% debentures due 2023	17,068	13,922