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Earnings Per Share
 12 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following presents the computation of basic earnings per share (in thousands, except per share amounts):
 
Fiscal Years Ended
 
June 30,
2013
 
June 24,
2012
 
June 26,
2011
Basic:



Net income

$86,925

 

$44,412

 

$146,500

Weighted average common shares
116,621

 
114,693

 
108,522

Basic earnings per share

$0.75

 

$0.39

 

$1.35


The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts): 
 
Fiscal Years Ended
 
June 30,
2013
 
June 24,
2012
 
June 26,
2011
Diluted:
 
 
 
 
 
Net income

$86,925

 

$44,412

 

$146,500

Weighted average common shares - basic
116,621

 
114,693

 
108,522

Dilutive effect of stock options, nonvested shares and ESPP purchase rights
1,358

 
532

 
1,513

Weighted average common shares - diluted
117,979

 
115,225

 
110,035

Diluted earnings per share

$0.74

 

$0.39

 

$1.33


Potential common shares that would have the effect of increasing diluted earnings per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted earnings per share. For the fiscal years ended June 30, 2013, June 24, 2012 and June 26, 2011, there were 2.4 million, 7.0 million and 2.0 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was anti-dilutive.