Earnings Per Share

6 Months Ended

Dec. 29, 2013

The following presents the computation of basic earnings per share (in thousands, except per share amounts):



	Three Months Ended				Six Months Ended
	December 29, 2013		December 30, 2012		December 29, 2013		December 30, 2012
Net income		$35,681		$20,403		$66,178		$36,526
Weighted average common shares	120,932		115,965		120,248		115,760
Basic earnings per share		$0.30		$0.18		$0.55		$0.32

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts):



	Three Months Ended				Six Months Ended
	December 29, 2013		December 30, 2012		December 29, 2013		December 30, 2012
Net income		$35,681		$20,403		$66,178		$36,526
Weighted average common shares - basic	120,932		115,965		120,248		115,760
Dilutive effect of stock options, nonvested shares and ESPP purchase rights	2,272		445		2,573		489
Weighted average common shares - diluted	123,204		116,410		122,821		116,249
Diluted earnings per share		$0.29		$0.18		$0.54		$0.31

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 and six months ended December 29, 2013, there were 3.1 million and 2.1 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was anti-dilutive. For the three and six months 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 anti-dilutive.

- Definition

The entire disclosure for earnings per share.

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