Net Income (Loss) Per Share (Tables)

9 Months Ended

Oct. 03, 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				Nine Months Ended
(In thousands, except per share amounts)	October 3, 2021		September 27, 2020		October 3, 2021		September 27, 2020
Basic net (loss) income per share:
Numerator:
Net (loss) income attributable to stockholders - continuing operations	$	(84,376)	$	109,450	$	(57,554)	$	186,880
Net (loss) income attributable to stockholders - discontinued operations	—		(64,824)		—		(124,307)
Net (loss) income attributable to stockholders	$	(84,376)	$	44,626	$	(57,554)	$	62,573
Denominator:
Basic weighted-average common shares	172,885		170,113		172,242		169,646
Basic net (loss) income per share - continuing operations	$	(0.49)	$	0.64	$	(0.33)	$	1.10
Basic net (loss) income per share - discontinued operations	—		(0.38)		—		(0.73)
Basic net (loss) income per share	$	(0.49)	$	0.26	$	(0.33)	$	0.37
Diluted net (loss) income per share:
Numerator:
Net (loss) income attributable to stockholders - continuing operations	$	(84,376)	$	109,450	$	(57,554)	$	186,880
Add: Interest expense on 0.875% debentures due 2021, net of tax	—		467		—		1,507
Add: Interest expense on 4.00% debentures due 2023, net of tax	—		3,358		—		10,066
Net (loss) income available to common stockholders - continuing operations	(84,376)		113,275		$	(57,554)	$	198,453
Net (loss) income available to common stockholders - discontinued operations	$	—	$	(64,824)	$	—	$	(124,307)
Denominator:
Basic weighted-average common shares	172,885		170,113		172,242		169,646
Effect of dilutive securities:
Restricted stock units	—		3,560		—		3,354
0.875% debentures due 2021	—		7,785		—		10,056
4.00% debentures due 2023	—		17,068		—		17,068
Dilutive weighted-average common shares:	172,885		198,526		172,242		200,124
Dilutive net (loss) income per share - continuing operations	$	(0.49)	$	0.57	$	(0.33)	$	0.99
Dilutive net (loss) income per share - discontinued operations	—		(0.33)		—		(0.62)
Dilutive net (loss) income per share	$	(0.49)	$	0.24	$	(0.33)	$	0.37

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		Nine Months Ended
(In thousands)	October 3, 2021	September 27, 2020	October 3, 2021	September 27, 2020
Restricted stock units	1,053	382	1,155	4,774
4.00% debentures due 2023	—	—	17,068	—