Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 29, 2015

Earnings Per Share [Abstract]

Schedule of income (loss) per share

The following table presents the calculation of basic and diluted net income (loss) per share:

	Three Months Ended
(In thousands, except per share amounts)	March 29, 2015			March 30, 2014
Basic net income per share:
Numerator
Net income (loss) attributable to stockholders	$	(9,581	)	$	65,044
Denominator
Basic weighted-average common shares	132,033			122,196
Basic net income (loss) per share	$	(0.07	)	$	0.53
Diluted net income per share:
Numerator
Net income (loss) attributable to stockholders	(9,581		)	65,044
Add: Interest expense incurred on the 0.75% debentures due 2018, net of tax	—			450
Add: Interest expense incurred on the 4.75% debentures due 2014, net of tax	—			2,185
Net income (loss) available to common stockholders	(9,581		)	67,679
Denominator
Basic weighted-average common shares	132,033			122,196
Effect of dilutive securities:
Stock options	—			108
Restricted stock units	—			6,202
Upfront Warrants (held by Total)	—			7,227
Warrants (under the CSO2015)	—			2,915
Warrants (under the CSO2014)	—			1,048
0.75% debentures due 2018	—			12,026
4.75% debentures due 2014	—			8,712
Dilutive weighted-average common shares	132,033			160,434
Dilutive net income (loss) per share	$	(0.07	)	$	0.42

Schedule of outstanding anti-dilutive potential common stock excluded from income per share

The following is a summary of outstanding anti-dilutive potential common stock that was excluded from income (loss) per diluted share in the following periods:

	Three Months Ended
(In thousands)	March 29, 2015 1	March 30, 2014
Stock options	190	159
Restricted stock units	3,616	464
Upfront Warrants (held by Total)	9,532	—
Warrants (under the CSO2015)	11,096	—
0.75% debentures due 2018	12,026	—
0.875% debentures due 2021	8,203	n/a

¹As a result of the net loss per share for the three months ended March 29, 2015, the inclusion of all potentially dilutive stock options, restricted stock units, and common shares under noted warrants and convertible debt would be anti-dilutive. Therefore, those stock options, restricted stock units and shares were excluded from the computation of the weighted-average shares for diluted net loss per share for such period.