EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2022

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


	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	September 30, 2022		October 1, 2021		September 30, 2022		October 1, 2021
Numerator:
Net income (loss)	$	8,740	$	1,530	$	22,051	$	(6,603)
Denominator:
Weighted average number of shares outstanding:
Basic	105,228		102,099		104,617		101,057
2022 Notes	3,078		2,356		2,718		—
2024 Notes	2,678		461		1,569		—
Stock options	218		311		238		—
Restricted stock units	1,920		1,185		1,725		—
Stock purchase rights under the ESPP	63		9		44		—
Diluted	113,185		106,421		110,911		101,057
Net income (loss) per share:
Basic	$	0.08	$	0.01	$	0.21	$	(0.07)
Diluted	$	0.08	$	0.01	$	0.20	$	(0.07)

The diluted net loss per share was the same as basic net loss per share for the nine months ended October 1, 2021, as the inclusion of potential common shares outstanding would have been anti-dilutive due to the Company’s net losses for the period. 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		Nine Months Ended
(in thousands)	September 30, 2022	October 1, 2021	September 30, 2022	October 1, 2021
2022 Notes	—	—	—	2,085
Stock options	—	—	—	926
Restricted stock units	22	69	43	3,079
Stock purchase rights under the ESPP	—	—	—	381
Total	22	69	43	6,471