Weighted-Average Shares

6 Months Ended

Jul. 04, 2021

Weighted-average shares were calculated as follows (in thousands):


	Three-months Ended		Six-months Ended
	July 4, 2021	June 28, 2020	July 4, 2021	June 28, 2020
Basic weighted-average common shares outstanding	176,626	172,283	176,454	172,345
Effect of dilutive equity awards	3,365	—	3,528	3,154
Weighted-average common and common-equivalent shares outstanding	179,991	172,283	179,982	175,499

Stock options to purchase 701,000 and 591,000 shares of common stock, on a weighted-average basis, were outstanding during the three-month and six-month periods ended July 4, 2021, respectively, and 5,801,000 and 6,328,000 for the same periods in 2020, but were not included in the calculation of dilutive net income per share because they were anti-dilutive. Restricted stock units totaling 500 and 1,000 shares of common stock, on a weighted-average basis, were outstanding during the three-month and six-month periods ended July 4, 2021, respectively, and 27,000 and 14,000 for the same periods in 2020, but were not included in the calculation of dilutive net income per share because they were anti-dilutive. Additionally, because the Company recorded a cumulative net loss during the three-month period ended June 28, 2020, potential common stock equivalents of 3,120,000 were not included in the calculation of diluted net loss per share for this period.