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Earnings Per Share
 3 Months Ended
Sep. 29, 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):
 
Three Months Ended
 
September 29,
2013
 
September 23,
2012
Net income

$30,497

 

$16,123

Weighted average common shares
119,564

 
115,539

Basic earnings per share

$0.26

 

$0.14


The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts): 
 
Three Months Ended
 
September 29,
2013
 
September 23,
2012
Net income

$30,497

 

$16,123

Weighted average common shares - basic
119,564

 
115,539

Dilutive effect of stock options, nonvested shares and ESPP purchase rights
2,800

 
421

Weighted average common shares - diluted
122,364

 
115,960

Diluted earnings per share

$0.25

 

$0.14


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 three months ended September 29, 2013 and September 23, 2012, there were 1.1 million and 8.4 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was anti-dilutive.