Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Notes)

v3.2.0.727
Net Income (Loss) Per Share (Notes)
 6 Months Ended
Jun. 27, 2015
Earnings Per Share [Abstract]  
Net Income (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.
The following table sets forth the components of basic and diluted loss per share:
 
Three Months Ended
 
Six Months Ended
 
June 27,
2015
 
June 28,
2014
 
June 27,
2015
 
June 28,
2014
 
(In millions, except per share amounts)
Numerator – Net loss:
 
 
 
 
 
 
 
Numerator for basic and diluted net loss per share
$
(181
)
 
$
(36
)
 
$
(361
)
 
$
(56
)
Denominator – Weighted average shares
 
 
 
 
 
 
 
Denominator for basic and diluted net loss per share
778

 
764

 
778

 
762

Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.23
)
 
$
(0.05
)
 
$
(0.46
)
 
$
(0.07
)
Diluted
$
(0.23
)
 
$
(0.05
)
 
$
(0.46
)
 
$
(0.07
)

Potential shares from stock options and restricted stock units totaling 51 million and 39 million were not included in the net loss per share calculations for the second quarters of 2015 and 2014, respectively, because their inclusion would have been anti-dilutive.
Potential shares from employee stock options and restricted stock units totaling 63 million and 45 million were not included in the net loss per share calculation for the six months ended June 27, 2015 and June 28, 2014, because their inclusion would have been anti-dilutive.