| Earnings Per Share |
Note 15—Earnings Per Share
The following is a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands, except per share amounts):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
April 1, 2023 |
|
|
April 2, 2022 |
|
|
April 1, 2023 |
|
|
April 2, 2022 |
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(31,527 |
) |
|
$ |
(7,440 |
) |
|
$ |
(61,786 |
) |
|
$ |
(21,891 |
) |
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding - basic |
|
|
183,729 |
|
|
|
182,678 |
|
|
|
183,621 |
|
|
|
185,592 |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock Options |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
RSUs |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Weighted average shares outstanding - diluted |
|
|
183,729 |
|
|
|
182,678 |
|
|
|
183,621 |
|
|
|
185,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share |
|
$ |
(0.17 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.34 |
) |
|
$ |
(0.12 |
) |
Diluted earnings per share |
|
$ |
(0.17 |
) |
|
$ |
(0.04 |
) |
|
$ |
(0.34 |
) |
|
$ |
(0.12 |
) |
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted earnings per share because the effect of including such shares would have been antidilutive (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Six Months Ended |
|
|
|
|
April 1, 2023 |
|
|
April 2, 2022 |
|
|
April 1, 2023 |
|
|
April 2, 2022 |
|
Stock Options |
|
|
|
3,573 |
|
|
|
811 |
|
|
|
3,636 |
|
|
|
860 |
|
RSUs |
|
|
|
1,761 |
|
|
|
2,467 |
|
|
|
1,865 |
|
|
|
2,652 |
|
Total |
|
|
|
5,334 |
|
|
|
3,278 |
|
|
|
5,501 |
|
|
|
3,512 |
|
|