Net Income (Loss) Per Share Attributable to Common Stockholders

12 Months Ended

Oct. 01, 2022

Net Income (Loss) Per Share Attributable to Common Stockholders

11. Net Income (Loss) Per Share Attributable to Common Stockholders

Basic net income (loss) per share attributable to common stockholders is calculated by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted net income (loss) per share attributable to common stockholders adjusts the basic net income (loss) per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share attributable to common stockholders:


	October 1, 2022		October 2, 2021		October 3, 2020
(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted	$	67,383	$	158,595	$	(20,115	)
Denominator:
Weighted-average shares of common stock - basic		127,691,030		122,245,212		109,807,154
Effect of potentially dilutive stock options		5,472,807		10,120,238		—
Effect of RSUs		4,385,406		7,875,245		—
Effect of PSUs		212,835		68,457		—
Weighted-average shares of common stock—diluted		137,762,078		140,309,152		109,807,154

Net income (loss) per share attributable to common stockholders:
Basic	$	0.53	$	1.30	$	(0.18	)
Diluted	$	0.49	$	1.13	$	(0.18	)

The following potentially dilutive shares as of the end of each period presented were excluded from the computation of diluted net income (loss) per share for the periods presented because including them would have been antidilutive:


	October 1, 2022		October 2, 2021		October 3, 2020
Stock options to purchase common stock		6,877,530		9,030,004		33,503,698
Restricted stock units		5,041,645		3,505,140		9,225,127


Performance stock units	88,672	55,586	—
Total	12,007,847	12,590,730	42,728,825