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Net Loss Per Share
 3 Months Ended
Mar. 27, 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
 
March 27,
2020
 
March 29,
2019
Numerator:
 
 
 
Net loss
$
(21,954
)
 
$
(11,306
)
Denominator:
 
 
 
Weighted average number of common shares outstanding
 
 
 
Basic and diluted
95,575

 
88,165

Net loss per share:
 
 
 
Basic and diluted
$
(0.23
)
 
$
(0.13
)

Basic net loss per share was the same as diluted net loss per share for the three months ended March 27, 2020 and March 29, 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
 
March 27,
2020
 
March 29,
2019
Stock options
1,796

 
2,941

RSUs
2,899

 
2,400

Stock purchase rights under the ESPP
443

 
489

Convertible Debt
1,169

 
—

Warrants (1)
—

 
1,954

   Total
6,307

 
7,784


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

The Company’s intent is to settle the principal amount of the 2020 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 7,962,609 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 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 and the 2024 Notes.