Net Income (Loss) Per Share

3 Months Ended

Mar. 28, 2021

Basic net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. Potentially dilutive common shares, such as common shares issuable upon exercise of stock options and vesting of restricted stock awards are typically reflected in the computation of diluted net income (loss) per share by application of the treasury stock method. For certain periods presented, due to the net losses reported, these potentially dilutive securities were excluded from the computation of diluted net loss per share, since their effect would be anti-dilutive.

Net loss per share for the three months ended March 28, 2021 and March 29, 2020 was as follows:


	Three Months Ended
	March 28, 2021		March 29, 2020
	(In thousands, except per share data)
Numerator:
Net loss	$	(10,719)	$	(39,326)
Denominator:
Weighted average common shares - basic	80,370		76,560
Potentially dilutive common share equivalent	—		—
Weighted average common shares - dilutive	80,370		76,560

Basic net loss per share	$	(0.13)	$	(0.51)
Diluted net loss per share	$	(0.13)	$	(0.51)

Anti-dilutive employee stock-based awards, excluded	3,974		8,003