Net Income (Loss) Per Share (Tables)

6 Months Ended

Jul. 04, 2021

Earnings Per Share [Abstract]

Schedule of Income (Loss) Per Share

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

	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	July 4, 2021		June 28, 2020		July 4, 2021		June 28, 2020
Basic net income per share:
Numerator:
Net income attributable to stockholders - continuing operations	$	75,207	$	55,890	$	26,822	$	77,430
Net loss attributable to stockholders - discontinued operations	—		(36,512)		—		(59,483)
Net income attributable to stockholders	$	75,207	$	19,378	$	26,822	$	17,947
Denominator:
Basic weighted-average common shares	172,640		170,003		171,920		169,413
Basic net income per share - continuing operations	$	0.44	$	0.33	$	0.16	$	0.46
Basic net loss per share - discontinued operations	—		(0.21)		—		(0.35)
Basic net income per share	$	0.44	$	0.12	$	0.16	$	0.11
Diluted net income per share:
Numerator:
Net income attributable to stockholders - continuing operations	$	75,207	$	55,890	$	26,822	$	77,430
Add: Interest expense on 0.875% debentures due 2021, net of tax	67		535		168		1,040
Add: Interest expense on 4.00% debentures due 2023, net of tax	3,126		3,358		—		—
Net income available to common stockholders - continuing operations	78,400		59,783		$	26,990	$	78,470
Net loss available to common stockholders - discontinued operations	$	—	$	(36,512)	$	—	$	(59,483)
Denominator:
Basic weighted-average common shares	172,640		170,003		171,920		169,413
Effect of dilutive securities:
Restricted stock units	3,084		1,765		3,299		1,558
0.875% debentures due 2021	1,571		6,350		1,575		8,203
4.00% debentures due 2023	17,068		13,922		—		—
Dilutive weighted-average common shares:	194,363		192,040		176,794		179,174
Dilutive net income per share - continuing operations	$	0.40	$	0.31	$	0.15	$	0.44
Dilutive net loss per share - discontinued operations	—		(0.19)		—		(0.33)
Dilutive net income per share	$	0.40	$	0.12	$	0.15	$	0.11

Schedule of Outstanding Anti-dilutive Potential Common Stock Excluded From Income (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		Six Months Ended
(In thousands)	July 4, 2021	June 28, 2020	July 4, 2021	June 28, 2020
Restricted stock units	1,070	3,596	1,070	4,509
4.00% debentures due 2023	—	—	17,068	13,922