Net Income (Loss) Per Share Attributable to Common Stockholders

12 Months Ended

Sep. 28, 2024

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:


	September 28, 2024		September 30, 2023		October 1, 2022
(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted	$	(38,146)	$	(10,274)	$	67,383
Denominator:
Weighted-average shares of common stock - basic	123,218,532		127,702,885		127,691,030
Effect of potentially dilutive stock options	—		—		5,472,807
Effect of RSUs	—		—		4,385,406
Effect of PSUs	—		—		212,835
Weighted-average shares of common stock—diluted	123,218,532		127,702,885		137,762,078

Net income (loss) per share attributable to common stockholders:
Basic	$	(0.31)	$	(0.08)	$	0.53
Diluted	$	(0.31)	$	(0.08)	$	0.49

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:


	September 28, 2024	September 30, 2023	October 1, 2022
Stock options to purchase common stock	7,756,572	9,449,904	6,877,530
Restricted stock units	12,613,434	9,742,444	5,041,645
Performance stock units	83,998	149,991	88,672
Total	20,454,004	19,342,339	12,007,847