Net Loss per Share Attributable to Common Stockholders

3 Months Ended

May 02, 2021

Earnings Per Share [Abstract]

Net Loss per Share Attributable to Common Stockholders

Net Loss per Share Attributable to Common Stockholders

Basic and diluted net loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net loss per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, unvested restricted stock, our Notes to the extent dilutive, and common stock issuable pursuant to the ESPP. These potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.

The following table sets forth the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share data):

	First Quarter of Fiscal
	2021		2022
Net loss	$	(90,594)	$	(84,206)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	262,935		280,331
Net loss per share attributable to common stockholders, basic and diluted	$	(0.34)	$	(0.30)

The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):

 

	First Quarter of Fiscal
	2021	2022
Stock options to purchase common stock	25,590	17,856
Unvested restricted stock units	29,146	32,876
Unvested restricted stock	1,705	471
Shares related to convertible senior notes	21,884	21,884
Shares issuable pursuant to the ESPP	1,046	1,049
Total	79,371	74,136