| Computation of Basic and Dilute Net EPS |
The following table sets forth the computation of the Company’s basic and diluted net EPS of common stock for the periods presented below (in thousands, except share and per share amount):
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Quarters Ended |
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Fiscal Years-to-Date Ended |
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July 3, 2022 |
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June 30, 2021 |
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July 3, 2022 |
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June 30, 2021 |
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| Numerator: |
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| Net income (loss) attributable to common stockholders - basic |
$ |
(1,135) |
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$ |
(14,303) |
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$ |
41,572 |
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$ |
(30,468) |
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| Increase in fair value of Private Placement Warrants |
(26,400) |
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— |
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(94,200) |
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— |
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| Net loss attributable to common stockholders - diluted |
$ |
(27,535) |
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$ |
(14,303) |
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$ |
(52,628) |
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$ |
(30,468) |
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| Denominator: |
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| Weighted-average shares outstanding used in computing net income (loss) per share of common stock, basic |
152,521,389 |
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97,433,726 |
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152,082,655 |
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96,629,530 |
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| Dilutive effect of Private Placement Warrants |
— |
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— |
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842,148 |
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— |
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| Weighted-average shares outstanding used in computing net loss per share of common stock, diluted |
152,521,389 |
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97,433,726 |
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152,924,803 |
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96,629,530 |
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| Net income (loss) per share of common stock: |
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| Basic |
$ |
(0.01) |
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$ |
(0.15) |
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$ |
0.27 |
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$ |
(0.32) |
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| Diluted |
$ |
(0.18) |
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$ |
(0.15) |
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$ |
(0.34) |
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$ |
(0.32) |
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| Schedule of Anti-Dilutive Securities Excluded From Computation of Diluted Earning (Loss) Per Share |
The following table discloses shares of the securities that were not included in the diluted EPS calculation above because they are anti-dilutive for the periods presented above. As the Company reported net loss for the quarters ended July 3, 2022 and June 30, 2021 and the year-to-date ended June 30, 2021, all of these potentially dilutive securities were anti-dilutive and are excluded in the computation of diluted net loss per share. Accordingly, the diluted net loss per share for those periods equal to the basic net loss per share.
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July 3, 2022 |
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June 30, 2021 |
| Stock options outstanding |
5,359,658 |
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5,547,490 |
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| Restricted stock units and performance restricted stock units outstanding |
5,902,643 |
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— |
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| Private Placement Warrants |
6,000,000 |
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— |
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| Employee stock purchase plan estimated shares |
380,847 |
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— |
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