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Earnings Per Share
6 Months Ended
Dec. 30, 2012
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 data):
 
Three Months Ended
 
Six Months Ended
 
December 30,
2012
 
December 25,
2011
 
December 30,
2012
 
December 25,
2011
Basic:
 
 
 
 
 
Net income
$
20,403

 
$
12,078

 
$
36,526

 
$
24,897

Weighted average common shares - basic
115,965

 
115,536

 
115,760

 
113,701

Basic earnings per share
$
0.18

 
$
0.10

 
$
0.32

 
$
0.22


The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share data): 
 
Three Months Ended
 
Six Months Ended
 
December 30,
2012
 
December 25,
2011
 
December 30,
2012
 
December 25,
2011
Diluted:
 
 
 
 
 
 
 
Net income
$
20,403

 
$
12,078

 
$
36,526

 
$
24,897

Weighted average common shares - basic
115,965

 
115,536

 
115,760

 
113,701

Dilutive effect of stock options, unvested shares and ESPP purchase rights
445

 
347

 
489

 
538

Weighted average common shares - diluted
116,410

 
115,883

 
116,249

 
114,239

Diluted earnings per share
$
0.18

 
$
0.10

 
$
0.31

 
$
0.22


Potential common shares that would have the effect of increasing diluted earnings per share are considered to be antidilutive and as such, these shares are not included in calculating diluted earnings per share. For the three and six months ended December 30, 2012, there were 10.2 million and 9.1 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was antidilutive. For the three and six months ended December 25, 2011, there were 8.1 million and 6.6 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was antidilutive.