Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 28, 2020

Earnings Per Share [Abstract]

Schedule of loss per share

The following table presents the calculation of basic and diluted net income per share attributable to stockholders:

	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	June 28, 2020		June 30, 2019		June 28, 2020		June 30, 2019
Basic net income per share:
Numerator:
Net income attributable to stockholders	$	19,378	$	121,459	$	17,947	$	31,735
Denominator:
Basic weighted-average common shares	170,003		142,471		169,413		142,095
Basic net income per share	$	0.11	$	0.85	$	0.11	$	0.22
Diluted net income per share1
Numerator:
Net income attributable to stockholders	$	19,378	$	121,459	$	17,947	$	31,735
Add: Interest expense on 4.00% debenture due 2023, net of tax	—		3,358		—		—
Add: Interest expense on 0.875% debenture due 2021, net of tax	535		691		—		—
Net income available to common stockholders	$	19,913	$	125,508	$	17,947	$	31,735
Denominator:
Basic weighted-average common shares	170,003		142,471		169,413		142,095
Effect of dilutive securities:
Restricted stock units	1,765		2,241		1,558		967
0.875% debentures due 2021	6,350		8,203		—		—
4.00% debentures due 2023	—		13,922		—		—
Dilutive weighted-average common shares:	178,118		166,837		170,971		143,062
Dilutive net income per share	$	0.11	$	0.75	$	0.10	$	0.22

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

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

	Three Months Ended		Six Months Ended
(In thousands)	June 28, 2020	June 30, 2019	June 28, 2020	June 30, 2019
Restricted stock units	3,596	765	4,509	2,497
4.00% debentures due 2023	13,922	—	13,922	13,922
0.875% debentures due 2021	—	—	8,203	8,203