Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share (Notes)

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Net Income (Loss) Per Share (Notes)
 9 Months Ended
Sep. 26, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (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
 
Nine Months Ended
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
 
(In millions, except per share amounts)
Numerator – Net income (loss):
 
 
 
 
 
 
 
Numerator for basic and diluted net income (loss) per share
$
(197
)
 
$
17

 
$
(558
)
 
$
(39
)
Denominator – Weighted average shares
 
 
 
 
 
 
 
Denominator for basic net income (loss) per share
785

 
770

 
780

 
765

Effect of potentially dilutive shares:
 
 
 
 
 
 
 
Employee stock options, restricted stock and restricted stock units
—

 
15

 
—

 
—

Denominator for diluted net income (loss) per share
785

 
785

 
780

 
765

Net income (loss) per share:
 
 
 
 
 
 
 
Basic
$
(0.25
)
 
$
0.02

 
$
(0.72
)
 
$
(0.05
)
Diluted
$
(0.25
)
 
$
0.02

 
$
(0.72
)
 
$
(0.05
)

Potential shares from stock options and restricted stock units totaling 64 million and 28 million were not included in the net income (loss) per share calculations for the third 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 61 million and 46 million were not included in the net loss per share calculation for the nine months ended September 26, 2015 and September 27, 2014, because their inclusion would have been anti-dilutive.