NET INCOME (LOSS) PER SHARE

The Company calculates net income (loss) per share by dividing earnings allocated to common stockholders by the weighted average number of common shares outstanding for the period.

Diluted weighted average shares is computed using basic weighted average shares plus any potentially dilutive securities outstanding during the period using the treasury-stock-type method and the if-converted method, except when their effect is anti-dilutive. Potentially dilutive securities include stock options, restricted stock units, the Upfront Warrants held by Total, and the outstanding senior convertible debentures.

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



	Fiscal Year
(In thousands, except per share amounts)	2017			2016			2015
Basic net loss per share:
Numerator
Net loss attributable to stockholders	$	(851,163	)	$	(471,064	)	$	(187,019	)
Denominator
Basic weighted-average common shares	139,370			137,985			134,884

Basic net loss per share	$	(6.11	)	$	(3.41	)	$	(1.39	)

Diluted net loss per share:
Numerator
Net loss available to common stockholders	$	(851,163	)	$	(471,064	)	$	(187,019	)
Denominator
Dilutive weighted-average common shares	139,370			137,985			134,884

Diluted net loss per share	$	(6.11	)	$	(3.41	)	$	(1.39	)

The Upfront Warrants allow Total to acquire up to 9,531,677 shares of the Company's common stock at an exercise price of $7.8685. The warrants under the CSO2015, when such warrants were still outstanding, entitled holders to acquire up to 11.1 million shares of the Company's common stock at an exercise price of $24.00. During the second quarter of fiscal 2015, the Company entered into unwind agreements pursuant to which the Company issued common stock to settle all of the outstanding warrants relating to the CSO2015 (refer to "Note 12. Debt and Credit Sources" in our Annual Report on Form 10-K for the fiscal year ended January 3, 2016).

Holders of the Company's 4.00% debentures due 2023, 0.875% debentures due 2021, and 0.75% debentures due 2018 can convert the debentures into shares of the Company's common stock, at the applicable conversion rate, at any time on or before maturity. These debentures are included in the calculation of diluted net income per share if they were outstanding during the period presented and if their inclusion is dilutive under the if-converted method.

Holders of the Company's 4.50% debentures due 2015 could, under certain circumstances at their option and before maturity, convert the debentures into cash, and not into shares of the Company's common stock (or any other securities). Therefore, the 4.50% debentures due 2015 are excluded from the net income per share calculation. In March 2015, the 4.50% debentures due 2015 matured and were settled in cash.

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



	Fiscal Year
(In thousands)	2017¹	2016¹	2015¹
Stock options	—	141	151
Restricted stock units	3,917	4,997	3,152
Upfront Warrants (held by Total)	364	3,721	6,801
Warrants (under the CSO2015)	n/a	n/a	913
4.00% debentures due 2023	13,922	13,922	682
0.75% debentures due 2018	12,026	12,026	12,026
0.875% debentures due 2021	8,203	8,203	8,203

As a result of the net loss per share for fiscal 2017, 2016 and 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 periods.