Net Loss Per Share of Common Stock

9 Months Ended

Apr. 01, 2016

We compute net loss per share attributable to our common stockholders using the two-class method. Basic net loss per share is computed using the weighted average number of common shares and participating securities outstanding during the period. Our unvested restricted shares contain rights to receive non-forfeitable dividends and therefore are considered to be participating securities and would be included in the calculations of net income per basic and diluted common share. Undistributed losses are not allocated to unvested restricted shares due to the fact that the unvested restricted shares are not contractually obligated to share the losses of the company.

As we incurred a net loss for all periods presented, the effect of outstanding stock options, restricted stocks and units and performance shares and units were anti-dilutive, and therefore, were excluded from the diluted net loss per share calculations. The following table summarizes the potential shares of common stock that were excluded from the diluted net loss per share calculations:



	Quarter Ended		Three Quarters Ended
	April 1, 2016	April 3, 2015	April 1, 2016	April 3, 2015
	(In millions)
Stock options	6.0	7.5	6.8	7.4
Restricted stocks and units and performance shares and units	4.3	0.6	2.7	0.3
Total potential shares of common stock excluded	10.3	8.1	9.5	7.7