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NET INCOME PER SHARE | 9 Months Ended
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Mar. 26, 2023
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 common shares outstanding during the period. Diluted net income per share is computed using the treasury stock method, for dilutive stock options, restricted stock units, and convertible notes. The following table reconciles the inputs to the basic and diluted computations for net income per share.
| Three Months Ended |  | Nine Months Ended
| March 26, 2023 |  | March 27, 2022 |  | March 26, 2023 |  | March 27, 2022
| (in thousands, except per share data)
Numerator: |  |  |  |  |  |  |
Net income | $ | 814,008 |  |  | $ | 1,021,778 |  |  | $ | 3,708,394 |  |  | $ | 3,396,352 |
Denominator: |  |  |  |  |  |  |
Basic average shares outstanding | 134,924 |  |  | 139,229 |  |  | 135,945 |  |  | 140,534 |
Effect of potential dilutive securities: |  |  |  |  |  |  |
Employee stock plans | 471 |  |  | 828 |  |  | 369 |  |  | 866 |
Diluted average shares outstanding | 135,395 |  |  | 140,057 |  |  | 136,314 |  |  | 141,400 |
Net income per share - basic | $ | 6.03 |  |  | $ | 7.34 |  |  | $ | 27.28 |  |  | $ | 24.17 |
Net income per share - diluted | $ | 6.01 |  |  | $ | 7.30 |  |  | $ | 27.20 |  |  | $ | 24.02 |
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 impact from potentially dilutive securities, including options and RSUs, was not material for the three and nine months ended March 26, 2023 and March 27, 2022.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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