XML 26 R15.htm IDEA: XBRL DOCUMENT v3.24.4
NET INCOME PER SHARE
 6 Months Ended
Dec. 29, 2024
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, and restricted stock units. The following table reconciles the inputs to the basic and diluted computations for net income per share. 
Three Months EndedSix Months Ended
December 29,
2024		December 24,
2023		December 29,
2024		December 24,
2023
(in thousands, except per share data)
Numerator:
Net income$1,191,018 $954,266 $2,307,462 $1,841,664 
Denominator:
Basic average shares outstanding1,287,109 1,316,293 1,293,173 1,321,067 
Effect of potential dilutive securities:
Employee stock plans4,360 5,908 4,594 5,866 
Diluted average shares outstanding1,291,469 1,322,201 1,297,767 1,326,933 
Net income per share - basic$0.93 $0.72 $1.78 $1.39 
Net income per share - diluted$0.92 $0.72 $1.78 $1.39 
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. These anti-dilutive securities, including options and RSUs, were not material for the three and six months ended December 29, 2024 and December 24, 2023.