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Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.23.2
NET LOSS PER SHARE
 3 Months Ended
Jul. 01, 2023
Earnings Per Share [Abstract] Ìý
NET LOSS PER SHARE NET LOSS PER SHARE
Ìý Three Months Ended June
(In thousands, except per share amounts) 2023 2022
Net loss per common share – basic:
Net loss
 $ (57,425) $ (55,960)
Weighted average common shares outstanding
 388,160Ìý 387,563Ìý
Net loss per common share
 $ (0.15) $ (0.14)
Net loss per common share – diluted:
Net loss
 $ (57,425) $ (55,960)
Weighted average common shares outstanding
 388,160Ìý 387,563Ìý
Incremental shares from stock options and other dilutive securities
 —Ìý —Ìý
Adjusted weighted average common shares outstanding
 388,160Ìý 387,563Ìý
Net loss per common share
 $ (0.15) $ (0.14)
In the three-month periods ended June 2023 and June 2022, the dilutive impacts of outstanding stock options and other dilutive securities were excluded from dilutive shares as a result of the Company's net loss for the periods and, as such, their inclusion would have been anti-dilutive. As a result, a total of 18.6 million and 13.3 million potentially dilutive shares related to stock options and other dilutive securities were excluded from the diluted earnings per share calculations for the three-month periods ended June 2023 and June 2022, respectively.