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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Jun. 28, 2024
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE NET INCOME (LOSS) PER SHARE
Basic earnings per share is computed by dividing net income (loss) for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is calculated by dividing net income by the weighted-average number of common shares and potentially dilutive securities outstanding during the period using the treasury stock method for the Company’s stock options, restricted stock units, and shares issuable under the ESPP, and the if-converted method for the 2024 Notes.
As noted in Note 6, “Debt,” the principal amount of the 2024 Notes was settled in cash while the conversion spread value was settled in shares.
The following table sets forth the computation of the basic and diluted net income per share:
 Three Months EndedSix Months Ended
(in thousands, except per share amounts)June 28, 2024June 30, 2023June 28, 2024June 30, 2023
Numerator:
Net income (loss)$(12,532)$1,555 $(20,621)$6,648 
Denominator:
Weighted average number of shares outstanding:
Basic115,030 111,462 113,705 111,130 
2024 Notes— 6,144 — 5,554 
Restricted stock units— 1,573 — 1,786 
Stock purchase rights under the ESPP— 76 — 38 
Diluted115,030 119,255 113,705 118,508 
Net income (loss) per share:
Basic$(0.11)$0.01 $(0.18)$0.06 
Diluted$(0.11)$0.01 $(0.18)$0.06 
The following table sets forth the potential dilutive shares that were excluded from the computation of diluted net income (loss) per share, because their effects were anti-dilutive:
 Three Months EndedSix Months Ended
(in thousands)June 28, 2024June 30, 2023June 28, 2024June 30, 2023
2024 Notes1,157 — 2,722 — 
Restricted stock units2,794 37 2,996 55 
Stock purchase rights under the ESPP306 — 311 150 
   Total4,257 37 6,029 205