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NET INCOME PER SHARE (Tables)
3 Months Ended
Sep. 27, 2015
Schedule of Numerators and Denominators of Basic and Diluted Computations for Net Income Per Share

The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share.

 

     Three Months Ended  
     September 27,
2015
     September 28,
2014
 
     (in thousands, except per share data)  

Numerator:

     

Net income

   $ 288,679       $ 141,081   
  

 

 

    

 

 

 

Denominator:

     

Basic average shares outstanding

     158,352         161,685   

Effect of potential dilutive securities:

     

Employee stock plans

     2,544         3,560   

Convertible notes

     13,120         11,867   

Warrants

     358         6   
  

 

 

    

 

 

 

Diluted average shares outstanding

     174,374         177,118   
  

 

 

    

 

 

 

Net income per share - basic

   $ 1.82       $ 0.87   
  

 

 

    

 

 

 

Net income per share - diluted

   $ 1.66       $ 0.80   
  

 

 

    

 

 

 
Schedule of Potentially Dilutive Securities Excluded from EPS Calculations

The following potentially dilutive securities were excluded:

 

     Three Months Ended  
     September 27,
2015
     September 28,
2014
 
     (in thousands)  

Number of options and RSUs excluded

     93        —