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Net Income (Loss) Per Share

9 Months Ended

Jun. 29, 2024

Earnings Per Share [Abstract]

Net Income (Loss) Per Share

12. Net Income (Loss) Per Share

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:

			Three Months Ended												Nine Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
(In thousands, except share and per share data)
Numerator:
Net income (loss) attributable to common stockholders - basic and diluted			$	3,709					$	(23,571)					$	14,947					$	20,966
Denominator:
Weighted-average shares of common stock—basic			122,553,129						128,311,109						123,828,150						127,825,410
Effect of potentially dilutive stock options			1,116,000						—						956,598						2,164,370
Effect of RSUs			3,543,526						—						3,085,571						2,807,869
Effect of PSUs			32,804						—						16,049						53,730
Weighted-average shares of common stock—diluted			127,245,459						128,311,109						127,886,368						132,851,379
Net income (loss) per share attributable to common stockholders:
Basic			$	0.03					$	(0.18)					$	0.12					$	0.16
Diluted			$	0.03					$	(0.18)					$	0.12					$	0.16

The following potentially dilutive shares were excluded from the computation of diluted net income (loss) per share attributable to common stockholders because including them would have been antidilutive:

			Three Months Ended												Nine Months Ended
			June 29, 2024						July 1, 2023						June 29, 2024						July 1, 2023
Stock options to purchase common stock			6,371,604						9,035,818						6,998,738						7,525,339
Restricted stock units			9,556,879						9,569,869						9,828,619						7,429,364
Performance stock units			187,255						180,762						88,030						119,754
Total			16,115,738						18,786,449						16,915,387						15,074,457

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-3

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