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Earnings Per Share
 12 Months Ended
Jun. 29, 2014
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 29,
2014
 
June 30,
2013
 
June 24,
2012
Basic:



Net income

$124,191

 

$86,925

 

$44,412

Weighted average common shares
120,623

 
116,621

 
114,693

Basic earnings per share

$1.03

 

$0.75

 

$0.39


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 29,
2014
 
June 30,
2013
 
June 24,
2012
Diluted:
 
 
 
 
 
Net income

$124,191

 

$86,925

 

$44,412

Weighted average common shares - basic
120,623

 
116,621

 
114,693

Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights
2,291

 
1,358

 
532

Weighted average common shares - diluted
122,914

 
117,979

 
115,225

Diluted earnings per share

$1.01

 

$0.74

 

$0.39


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 29, 2014, June 30, 2013 and June 24, 2012, there were 2.6 million, 2.4 million and 7.0 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was anti-dilutive.