XML 31 R13.htm IDEA: XBRL DOCUMENT v3.20.1
NET INCOME PER SHARE
9 Months Ended
Mar. 25, 2020
Earnings Per Share [Abstract]  
Net Income Per Share
Basic net income per share is computed by dividing Net income by the Basic weighted average shares outstanding for the reporting period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of Diluted net income per share, the Basic weighted average shares outstanding is increased by the dilutive effect of stock options and restricted share awards. Stock options and restricted share awards with an anti-dilutive effect are not included in the Diluted net income per share calculation. Basic weighted average shares outstanding are reconciled to Diluted weighted average shares outstanding as follows:
 
Thirteen Week Periods Ended
 
Thirty-Nine Week Periods Ended
 
March 25,
2020
 
March 27,
2019
 
March 25,
2020
 
March 27,
2019
Basic weighted average shares outstanding
37.2

 
37.5

 
37.3

 
38.6

Dilutive stock options
0.1

 
0.1

 
0.1

 
0.2

Dilutive restricted shares
0.5

 
0.5

 
0.6

 
0.5

Total dilutive impact
0.6

 
0.6

 
0.7

 
0.7

Diluted weighted average shares outstanding
37.8

 
38.1

 
38.0

 
39.3

 
 
 
 
 
 
 
 
Awards excluded due to anti-dilutive effect
1.4

 
0.8

 
1.3

 
0.9