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Net Income (Loss) Per Share
 6 Months Ended
Jun. 26, 2020
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
 
Six months ended
 
June 26,
2020
 
June 28,
2019
 
June 26,
2020
 
June 28,
2019
Numerator:
 
 
 
 
 
 
 
Net loss
$
(15,401
)
 
$
(11,845
)
 
$
(37,355
)
 
$
(23,151
)
Denominator:
 
 
 
 
 
 
 
Weighted average number of common shares outstanding
 
 
 
 
 
 
 
Basic and diluted
96,727

 
88,931

 
96,255

 
88,554

Net loss per share:
 
 
 
 
 
 
 
Basic and diluted
$
(0.16
)
 
$
(0.13
)
 
$
(0.39
)
 
$
(0.26
)

Basic net loss per share was the same as diluted net loss per share for the three and six months ended June 26, 2020 and June 28, 2019, 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 and the anti-dilutive weighted shares that were excluded from the computation of basic and diluted net loss per share calculations (in thousands):
 
Three months ended
 
Six months ended
 
June 26,
2020
 
June 28,
2019
 
June 26,
2020
 
June 28,
2019
Stock options
1,558

 
2,664

 
1,677

 
2,803

RSUs
2,963

 
2,668

 
2,931

 
2,534

Stock purchase rights under the ESPP
581

 
509

 
512

 
499

Convertible Debt
—

 
—

 
584

 
—

Warrants (1)
—

 
1,954

 
—

 
1,954

   Total
5,102

 
7,795

 
5,704

 
7,790


(1) See Note 15, “Warrants” for additional information.

The Company’s intent is to settle the principal amount of the 2020 Notes, the 2022 Notes and the 2024 Notes in cash. The treasury stock method is used to calculate any potential dilutive effect of the conversion spread on diluted net income per share, if applicable.

•
The conversion spread of 1,400,522 shares 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 for the 2020 Notes.

•
The conversion spread of 6,557,739 shares 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 for the 2022 Notes.

•
The conversion spread of 13,337,182 shares 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 $8.66 per share for the 2024 Notes.

See Note 11, “Convertible Notes, Other Debts and Finance Leases” for additional information on the 2020 Notes, the 2022 Notes and the 2024 Notes.