Earnings (Loss) Per Share

9 Months Ended

Jul. 02, 2021

11. EARNINGS (LOSS) PER SHARE

The following table sets forth the computation for basic and diluted net income (loss) per share of common stock (in thousands, except per share data):


	Three Months Ended				Nine Months Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Numerator:


Net income (loss) attributable to common stockholders	$	15,005	$	(24,982)	$	20,844	$	(63,570)
Denominator:
Weighted average common shares outstanding-basic	68,732		66,796		68,331		66,512
Dilutive effect of stock options, restricted stock and restricted stock units	2,148		—		1,951		—
Weighted average common shares outstanding-diluted	70,880		66,796		70,282		66,512

Net loss to common stockholders per share-Basic:	$	0.22	$	(0.37)	$	0.31	$	(0.96)
Net loss to common stockholders per share-Diluted:	$	0.21	$	(0.37)	$	0.30	$	(0.96)

During the nine months ended July 2, 2021 and three and nine months ended July 3, 2020, we had warrants outstanding which were measured at fair value. When calculating earnings per share, we are required to adjust for the dilutive effect of outstanding common stock equivalents, including adjustment to the numerator for the dilutive effect of contracts that must be settled in stock, including warrants. The table above excludes the effects of 116,659 shares for the nine months ended July 2, 2021, and 1,766,561 shares and 1,543,686 shares for the three and nine months ended July 3, 2020, respectively, of potential shares of common stock issuable upon exercise of stock options, warrants, and the vesting of restricted stock and restricted stock units, as applicable, as the inclusion would be antidilutive.