NET INCOME (LOSS) PER SHARE

3 Months Ended

Apr. 03, 2022

NET INCOME (LOSS) PER SHARE

We calculate basic net income (loss) per share by dividing earnings allocated to common stockholders by the basic weighted-average number of common shares outstanding for the period.

Diluted weighted-average shares is computed by using the basic weighted-average number of common shares outstanding plus any potentially dilutive securities outstanding during the period using the if-converted method, except when their effect is anti-dilutive. Potentially dilutive securities include restricted stock units and the outstanding senior convertible debentures.

ASC 260 requires that companies use income from continuing operations as a "control number" or benchmark to determine whether potential common shares are dilutive or antidilutive. When calculating discontinued operations, we used the same number of potential common shares used in computing the diluted per-share amount of income from continuing operations in computing all other reported diluted per-share amounts, even if the effect will be antidilutive compared to their respective basic per-share amounts.

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


	Three Months Ended
(In thousands, except per share amounts)	April 3, 2022		April 4, 2021
Basic and diluted net (loss) income per share:
Numerator:
Net (loss) income attributable to stockholders - continuing operations	$	(2,166)	$	(47,147)
Net (loss) income attributable to stockholders - discontinued operations	(25,705)		(1,238)
Net (loss) income attributable to stockholders	$	(27,871)	$	(48,385)
Denominator:
Basic and dilutive weighted-average common shares	173,376		171,200

Basic and dilutive net (loss) income per share - continuing operations	$	(0.01)	$	(0.28)
Basic and dilutive net (loss) income per share - discontinued operations	(0.15)		(0.01)
Basic and dilutive net (loss) income per share	$	(0.16)	$	(0.29)

1 There was no add back of interest expense for the convertible debentures or effect of dilutive securities for the three months ended April 3, 2022 and April 4, 2021.

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


	Three Months Ended
(In thousands)	April 3, 2022	April 4, 2021
Restricted stock units	3,035	876
0.875% debentures due 2021	—	1,575
4.00% debentures due 2023	17,068	17,068