XML 45 R30.htm IDEA: XBRL DOCUMENT v3.24.3

Net Loss Per Share Available to Common Stockholders (Tables)

9 Months Ended

Sep. 28, 2024

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 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.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration