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Net Loss per Share
 3 Months Ended
Apr. 02, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss per Share

We compute basic net loss per share by dividing net loss by the weighted average number of common shares outstanding during the period. To determine diluted share count, we apply the treasury stock method to determine the dilutive effect of outstanding stock option shares, restricted stock units ("RSUs"), and Employee Stock Purchase Plan ("ESPP") shares. Our application of the treasury stock method includes, as assumed proceeds, the average unamortized stock-based compensation expense for the period and the impact of the pro forma deferred tax benefit or cost associated with stock-based compensation expense. When we are in a net loss position, we do not include dilutive securities as their inclusion would reduce the net loss per share.

A summary of basic and diluted net loss per share is presented below:
 
Three Months Ended
(in thousands, except per share data)
April 2, 2016
 
April 4, 2015
Basic and diluted Net loss
$
(19,711
)
 
$
(53,347
)
Shares used in basic and diluted Net loss per share
118,833

 
116,863

Basic and diluted Net loss per share
$
(0.17
)
 
$
(0.46
)


The computation of diluted net loss per share for the three months ended April 2, 2016 excludes the effects of stock options, RSUs, and ESPP shares, aggregating approximately 8.2 million shares, which are antidilutive. The computation of diluted Net loss per share for the three months ended April 4, 2015 excludes the effects of stock options, RSUs, and ESPP shares aggregating approximately 11.5 million shares, which are antidilutive. Stock options, RSUs, and ESPP shares are considered antidilutive when the aggregate of exercise price, unrecognized stock-based compensation expense, and excess tax benefit are greater than the average market price for our common stock during the period or when the Company is in a net loss position, as the effects would reduce the loss per share. Stock options, RSUs, and ESPP shares that are antidilutive at April 2, 2016 could become dilutive in the future.