Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.5.0.2
Net Loss Per Share
 9 Months Ended
Sep. 24, 2016
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share
Basic net loss per share is computed based on the weighted average number of shares outstanding.
Diluted net loss per share is computed based on the weighted average number of shares outstanding plus any potentially dilutive shares outstanding. Potentially dilutive shares include stock options and restricted stock units and potentially dilutive shares issuable upon conversion of the 2.125% Notes and the exercise of the warrant under the Warrant Agreement.
The following table sets forth the components of basic and diluted net loss per share:
 
Three Months Ended
 
Nine Months Ended
 
September 24,
2016
 
September 26,
2015
 
September 24,
2016
 
September 26,
2015
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
 
 
 
 
Numerator for basic and diluted net loss per share
$
(406
)
 
$
(197
)
 
$
(446
)
 
$
(558
)
Denominator – Weighted average shares
 
 
 
 
 
 
 
Denominator for basic and diluted net loss per share
815

 
785

 
801

 
780

Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.50
)
 
$
(0.25
)
 
$
(0.56
)
 
$
(0.72
)
Diluted
$
(0.50
)
 
$
(0.25
)
 
$
(0.56
)
 
$
(0.72
)

Potential shares from stock options, restricted stock units and the 2.125% Notes totaling 144 million for the third quarter of 2016 and potential shares from stock options and restricted stock units totaling 64 million for the third quarter of 2015 were not included in the net loss per share calculations, because their inclusion would have been anti-dilutive.
Potential shares from employee stock options, restricted stock units, the 2.125% Notes and the warrant under the Warrant Agreement totaling 217 million for the nine months ended September 24, 2016 and potential shares from stock options and restricted stock units totaling 61 million for the nine months ended September 26, 2015 were not included in the net loss per share calculation, because their inclusion would have been anti-dilutive.