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Net Loss Per Share
9 Months Ended
Sep. 28, 2018
Earnings Per Share [Abstract]  
Income (Loss) Per Share
NET LOSS PER SHARE
The following table sets forth the computation of the basic and diluted net loss per share (in thousands, except per share amounts):
 
Three months ended
Nine months ended
 
September 28,
2018
 
September 29,
2017
September 28,
2018
 
September 29,
2017
Numerator:
 
 
 
 
 
 
Net loss
$
(7,758
)
 
$
(15,583
)
$
(24,365
)
 
$
(71,110
)
Denominator:
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
 
 
 
 
 
Basic and diluted
86,321

 
81,445

85,188

 
80,618

Net loss per share:
 
 
 
 
 
 
Basic and diluted
$
(0.09
)
 
$
(0.19
)
$
(0.29
)
 
$
(0.88
)

Basic and diluted net loss per share were the same for the three and nine months ended September 28, 2018 and September 29, 2017, as the inclusion of potential common shares outstanding would have been anti-dilutive due to the Company’s net losses for the periods presented. The following table sets forth the potential weighted common shares outstanding that were excluded from the computation of basic and diluted net loss per share calculations (in thousands):
 
Three months ended
Nine months ended
 
September 28,
2018
 
September 29,
2017
September 28,
2018
 
September 29,
2017
Stock options
3,219

 
4,377

3,386

 
4,628

RSUs
3,266

 
3,213

2,933

 
3,107

Stock purchase rights under the ESPP
529

 
1,118

635

 
630

Warrants (1)
1,555

 
782

1,039

 
782

   Total (2)
8,569

 
9,490

7,993

 
9,147


(1) On September 26, 2016, in connection with the execution of a product supply agreement pursuant to which an affiliate of Comcast Corporation (together with Comcast Corporation, “Comcast”) may, in its sole discretion, purchase from the Company licenses to certain of the Company’s software products, the Company granted Comcast a warrant to purchase shares of its common stock. (See Note 13, “Warrants” for additional information).

(2) Excluded from the table above are the Notes, which are convertible under certain conditions into an aggregate of 22,304,348 shares of common stock. (See Note 9, “Convertible Notes, Other Debts and Capital Leases” for additional information on the Notes). Since the Company’s intent is to settle the principal amount of the Notes in cash, the treasury stock method is being used to calculate any potential dilutive effect of the conversion spread on diluted net income per share, if applicable. The conversion spread will have a dilutive impact on diluted net income per share when the Company’s average market price of its common stock for a given period exceeds the conversion price of $5.75 per share.