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NET INCOME (LOSS) PER SHARE
 9 Months Ended
Sep. 27, 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 EndedNine Months Ended
(in thousands, except per share amounts)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
Numerator:
Net income (loss)$21,718 $(6,495)$1,097 $153 
Denominator:
Weighted average number of shares outstanding:
Basic116,403 112,031 114,594 111,431 
2024 Notes— — 1,914 4,919 
Restricted stock units940 — 869 1,515 
Stock purchase rights under the ESPP15 — 8 45 
Diluted117,358 112,031 117,385 117,910 
Net income (loss) per share:
Basic$0.19 $(0.06)$0.01 $— 
Diluted$0.19 $(0.06)$0.01 $— 
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 EndedNine Months Ended
(in thousands)September 27, 2024September 29, 2023September 27, 2024September 29, 2023
2024 Notes— 3,650 — — 
Restricted stock units165 3,465 676 198 
Stock purchase rights under the ESPP— 425 — — 
   Total165 7,540 676 198