XML 33 R18.htm IDEA: XBRL DOCUMENT
v3.24.3

Net Loss Per Share Available to Common Stockholders | 9 Months Ended
--- | ---
Sep. 28, 2024
Earnings Per Share [Abstract] |
Net Loss Per Share Available to Common Stockholders | Net Loss Per Share Available to Common Stockholders The Company calculates basic and diluted net loss per share available to common stockholders in conformity with the provisions of ASC 260 “Earnings Per Share.” Pursuant to ASU 2020-06, the Company applies the if-converted method to its Notes. See Note 2.
(in thousands, except share and per share amounts) |  | Three Months Ended |  | Nine Months Ended
| September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Numerator: |  |  |  |  |  |  |  |
Net loss available to common stockholders |  | $ | (26,576) |  |  | $ | (70,492) |  |  | $ | (115,416) |  |  | $ | (183,034) |
Net loss available to common stockholders—basic |  | (26,576) |  |  | (70,492) |  |  | (115,416) |  |  | (183,034) |
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding—basic |  | 65,060,729 |  |  | 64,398,448 |  |  | 64,880,008 |  |  | 64,210,809 |
Dilutive effect of shares issuable under stock options |  | — |  |  | — |  |  | — |  |  | — |
Dilutive effect of RSUs |  | — |  |  | — |  |  | — |  |  | — |
Dilutive effect of PSUs |  | — |  |  | — |  |  | — |  |  | — |
Dilutive effect of Notes, if converted(1) |  | — |  |  | — |  |  | — |  |  | — |
Weighted average common shares outstanding—diluted |  | 65,060,729 |  |  | 64,398,448 |  |  | 64,880,008 |  |  | 64,210,809 |
Net loss per share available to common stockholders—basic and diluted |  | $ | (0.41) |  |  | $ | (1.09) |  |  | $ | (1.78) |  |  | $ | (2.85) |
__________ (1) As the Company recorded a net loss in the three and nine months ended September 28, 2024 and September 30, 2023, inclusion of shares from the conversion premium or spread would be anti-dilutive. The Company had $1.15 billion in Notes outstanding as of September 28, 2024 and September 30, 2023. The following shares of common stock equivalents were excluded from the computation of diluted net loss per share available to common stockholders for the periods presented because the impact of including them would have been antidilutive:
|  | Three Months Ended |  | Nine Months Ended
| September 28, 2024 |  | September 30, 2023 |  | September 28, 2024 |  | September 30, 2023
Options to purchase common stock |  | 5,406,662 |  |  | 4,383,626 |  |  | 5,406,662 |  |  | 4,383,626 |
RSUs |  | 2,400,113 |  |  | 1,399,909 |  |  | 2,400,113 |  |  | 1,399,909 |
PSUs |  | 225,967 |  |  | — |  |  | 225,967 |  |  | — |
Total |  | 8,032,742 |  |  | 5,783,535 |  |  | 8,032,742 |  |  | 5,783,535 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration