| Schedule of Computation of Basic and Dilute Net EPS of Common Stock |
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 2, 2023 |
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July 3, 2022 |
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July 2, 2023 |
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July 3, 2022 |
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| Numerator: |
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| Net income (loss) attributable to common stockholders - basic |
$ |
(64,306) |
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$ |
(1,135) |
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$ |
(137,909) |
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$ |
41,572 |
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| Decrease in fair value of Private Placement Warrants |
— |
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(26,400) |
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— |
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(94,200) |
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| Net loss attributable to common stockholders - diluted |
$ |
(64,306) |
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$ |
(27,535) |
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$ |
(137,909) |
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$ |
(52,628) |
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| Denominator: |
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| Weighted-average shares outstanding used in computing net loss per share of common stock, basic |
157,151,386 |
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152,521,389 |
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156,397,145 |
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152,082,655 |
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| Dilutive effect of Private Placement Warrants |
— |
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— |
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— |
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842,148 |
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| Weighted-average shares outstanding used in computing net loss per share of common stock, diluted |
157,151,386 |
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152,521,389 |
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156,397,145 |
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152,924,803 |
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| Net income (loss) per share of common stock: |
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| Basic |
$ |
(0.41) |
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$ |
(0.01) |
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$ |
(0.88) |
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$ |
0.27 |
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| Diluted |
$ |
(0.41) |
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$ |
(0.18) |
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$ |
(0.88) |
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$ |
(0.34) |
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| Schedule of Potentially Dilutive Securities Excluded From Computation of Diluted 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.
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Quarters Ended |
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Fiscal Years-to-Date Ended |
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July 2, 2023 |
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July 3, 2022 |
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July 2, 2023 |
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July 3, 2022 |
| Stock options outstanding |
4,425,014 |
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5,359,658 |
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4,425,014 |
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5,359,658 |
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| Restricted stock units and performance restricted stock units outstanding |
13,898,172 |
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5,902,643 |
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13,898,172 |
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5,902,643 |
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| Assumed conversion of Convertible Senior Notes |
8,988,804 |
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— |
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4,494,402 |
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— |
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| Private Placement Warrants outstanding |
6,000,000 |
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6,000,000 |
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6,000,000 |
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6,000,000 |
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| Employee stock purchase plan estimated shares |
562,399 |
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380,847 |
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562,399 |
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380,847 |
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