I've seen them stretch to the point that the threads were no good. At that point it really doesn't matter if they've broken into two parts or not. Once they start yielding (stretching) they are well and truly used up.
[soapbox]
Coming from working in road, drag, and off road racing I can't recall the last time that I saw a split type lock washer on a Professionally prepared race vehicle. They only exist on Amateur prepared vehicles. I toss every one that I come across. Their premise is that A) they are a spring to keep some tension in the assembly should the nut back off, & B) that the sharp edges dig into the nut and the base part to stop any loosening rotation.
Well, you can remove the nuts so in spite of their digging in and making a mess of the nut and the base part, the nut still was easy to remove; and if the clamp load is lost those 'springs' aren't very strong - they aren't going to maintain the clamp loading - so they're nearly worthless in that regard too. What they are good at is breaking and then evaporating, leaving the nut flying in space.
The better method, and the one that is used on both race vehicles and aircraft, are fancily called "Prevailing Torque Lock Nuts." Both Nylox and the all metal crimp nuts (aka "Stover nuts ") fall into this category. Use those instead of split lock washers.
If you use nylox, replace them when you can spin the nut on past the nylon part by hand.
The internal and external "Star" type lock washers have a place in maintaining electrical connections, but I do not trust those to retain a nut either.
If you disagree with this, well, note my sig line.
[/soapbox]