Net (Loss) Income Per Share (Tables)

6 Months Ended

Jul. 02, 2023

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


	Three Months Ended				Six Months Ended
(In thousands, except per share amounts)	July 2, 2023		July 3, 2022		July 2, 2023		July 3, 2022
Basic and diluted net (loss) income per share:
Numerator:
Net (loss) income attributable to stockholders - continuing operations1	$	(30,272)	$	(42,496)	$	(73,596)	$	(44,662)
Net (loss) income attributable to stockholders - discontinued operations	(2,796)		(20,616)		(10,156)		(46,321)
Net (loss) income attributable to stockholders	$	(33,068)	$	(63,112)	$	(83,752)	$	(90,983)
Denominator:
Basic weighted-average common shares	175,042		173,951		174,785		173,664

Basic and dilutive net (loss) income per share - continuing operations	$	(0.17)	$	(0.24)	$	(0.42)	$	(0.26)
Basic and dilutive net (loss) income per share - discontinued operations	(0.02)		(0.12)		(0.06)		(0.27)
Basic and dilutive net (loss) income per share	$	(0.19)	$	(0.36)	$	(0.48)	$	(0.53)

1 There was no add back of interest expense for the convertible debentures or effect of dilutive securities for the six months ended July 2, 2023, and the three and six months ended July 3, 2022. The convertible debentures were repaid during the first quarter of fiscal 2023.

Schedule of Outstanding Anti-dilutive Potential Common Stock Excluded from (Loss) Income Per Share

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


	Three Months Ended		Six Months Ended
(In thousands)	July 2, 2023	July 3, 2022	July 2, 2023	July 3, 2022
Restricted stock units	5,025	3,433	4,649	3,465

4.00% debentures due 2023	—	17,068	1,500	17,068