Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.21.1
Net Loss Per Share
6 Months Ended
Apr. 03, 2021
Earnings Per Share [Abstract]  
Net Loss Per Share

Note 12—Net Loss Per Share

The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands):

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

April 3, 2021

 

 

March 28, 2020

 

 

April 3, 2021

 

 

March 28, 2020

 

Weighted average common shares outstanding, used for basic computation

 

 

186,810

 

 

 

156,500

 

 

 

181,900

 

 

 

156,500

 

Plus: Incremental shares of potentially dilutive securities

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Weighted average number of common and dilutive potential common shares outstanding

 

 

186,810

 

 

 

156,500

 

 

 

181,900

 

 

 

156,500

 

Stock options and restricted stock units not included in the computation of diluted net loss per share were 4.8 million and 5.7 million, respectively, for the three months ended April 3, 2021 because their inclusion would have been anti-dilutive. Stock options and restricted stock units not included in the computation of diluted net loss per share were 4.7 million and 5.8 million, respectively, for the six months ended April 3, 2021 because their inclusion would have been anti-dilutive. No potentially dilutive securities were outstanding during the three and six months ended March 28, 2020.