EARNINGS PER SHARE

6 Months Ended

Jul. 01, 2022

The following table sets forth the computation of the basic and diluted net income (loss) per share:


	Three Months Ended				Six Months Ended
(in thousands, except per share amounts)	July 1, 2022		July 2, 2021		July 1, 2022		July 2, 2021
Numerator:
Net income (loss)	$	14,840	$	(2,009)	$	13,311	$	(8,133)
Denominator:
Weighted average number of shares outstanding:
Basic	104,630		101,218		104,312		100,539
2022 Notes	2,365		—		2,537		—
2024 Notes	491		—		1,014		—
Stock options	234		—		249		—
Restricted stock units	1,193		—		1,627		—
Stock purchase rights under the ESPP	71		—		35		—
Diluted	108,984		101,218		109,774		100,539
Net income (loss) per share:
Basic	$	0.14	$	(0.02)	$	0.13	$	(0.08)
Diluted	$	0.14	$	(0.02)	$	0.12	$	(0.08)

The diluted net loss per share was the same as basic net loss per share for the three and six months ended July 2, 2021, as the inclusion of potential common shares outstanding would have been anti-dilutive due to the Company’s net losses for these periods. The following table sets forth the potential weighted common shares outstanding and anti-dilutive weighted shares that were excluded from the computation of basic and diluted net income (loss) per share:


	Three Months Ended		Six Months Ended
(in thousands)	July 1, 2022	July 2, 2021	July 1, 2022	July 2, 2021
2022 Notes	—	1,645	—	1,720
Stock options	—	839	—	1,015
Restricted stock units	48	2,961	53	2,895
Stock purchase rights under the ESPP	398	404	404	372
Total	446	5,849	457	6,002