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NET INCOME PER SHARE | 9 Months Ended
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Mar. 26, 2017
Earnings Per Share [Abstract] |
NET INCOME PER SHARE | NET INCOME PER SHARE Basic net income per share is computed by dividing net income by the weighted-average number of shares of Common Stock outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, RSUs, convertible notes, and warrants. Dilutive shares outstanding include the effect of the convertible notes. Refer to Note 11 for additional information regarding the Company's convertible notes. The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share.
| Three Months Ended |  | Nine Months Ended
| March 26, 2017 |  | March 27, 2016 |  | March 26, 2017 |  | March 27, 2016
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net income | $ | 574,713 |  |  | $ | 143,451 |  |  | $ | 1,171,339 |  |  | $ | 655,110 |
Denominator: |  |  |  |  |  |  |
Basic average shares outstanding | 163,408 |  |  | 159,039 |  |  | 162,225 |  |  | 158,605 |
Effect of potential dilutive securities: |  |  |  |  |  |  |
Employee stock plans | 2,107 |  |  | 2,046 |  |  | 2,164 |  |  | 2,208 |
Convertible notes | 16,829 |  |  | 12,999 |  |  | 16,230 |  |  | 13,161 |
Warrants | 2,750 |  |  | 289 |  |  | 2,266 |  |  | 355 |
Diluted average shares outstanding | 185,094 |  |  | 174,373 |  |  | 182,885 |  |  | 174,329 |
Net income per share - basic | $ | 3.52 |  |  | $ | 0.90 |  |  | $ | 7.22 |  |  | $ | 4.13 |
Net income per share - diluted | $ | 3.10 |  |  | $ | 0.82 |  |  | $ | 6.40 |  |  | $ | 3.76 |
For purposes of computing diluted net income per share, weighted-average common shares do not include potentially dilutive securities that are anti-dilutive under the treasury stock method. The following potentially dilutive securities were excluded:
| Three Months Ended |  | Nine Months Ended
| March 26, 2017 |  | March 27, 2016 |  | March 26, 2017 |  | March 27, 2016
| (in thousands)
Number of options and RSUs excluded | 28 |  |  | 332 |  |  | 135 |  |  | 287 |
Diluted shares outstanding do not include any effect resulting from the note hedges associated with the Company’s 2018 Notes as their impact would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1278-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=64863997&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=65016374&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=63488584&loc=d3e20235-122688 + Details
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