Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.7.0.1
Net Loss Per Share
 3 Months Ended
Apr. 01, 2017
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
 
April 1,
2017
 
March 26,
2016
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
Numerator for basic and diluted net loss per share
$
(73
)
 
$
(109
)
Denominator - Weighted average shares
 
 
 
Denominator for basic and diluted net loss per share
939

 
793

Net loss per share:
 
 
 
Basic
$
(0.08
)
 
$
(0.14
)
Diluted
$
(0.08
)
 
$
(0.14
)

Potential shares from stock options, restricted stock units, the 2.125% Notes and the warrants under the Warrant Agreement totaling 195 million for the first quarter of 2017 and potential shares from stock options and restricted stock units totaling 50 million for the first quarter of 2016 were not included in the net loss per share calculations because their inclusion would have been anti-dilutive.