XML 45 R33.htm IDEA: XBRL DOCUMENT v3.23.3
Net Loss Per Share Available to Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted net Income (Loss) Per Common Share
(in thousands, except share and per share amounts)Three Months Ended Nine Months Ended
September 30,
2023
October 1,
2022
September 30,
2023
October 1,
2022
Numerator:
Net loss available to common stockholders$(70,492)$(101,678)$(183,034)$(299,270)
Net loss available to common stockholders—basic(70,492)(101,678)(183,034)(299,270)
Denominator:
Weighted average common shares outstanding—basic64,398,448 63,694,592 64,210,809 63,579,763 
Dilutive effect of shares issuable under stock options— — — — 
Dilutive effect of RSUs— — — — 
Dilutive effect of Notes, if converted(1)
— — — — 
Weighted average common shares outstanding—diluted64,398,448 63,694,592 64,210,809 63,579,763 
Net loss per share available to common stockholders—basic$(1.09)$(1.60)$(2.85)$(4.71)
Net loss per share available to common stockholders—diluted$(1.09)$(1.60)$(2.85)$(4.71)
__________(1) As the Company recorded a net loss in the three and nine months ended September 30, 2023 and October 1, 2022, inclusion of shares from the conversion premium or spread would be anti-dilutive. The Company had $1.2 billion in Notes outstanding as of September 30, 2023 and October 1, 2022.