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Earnings Per Share
 9 Months Ended
Mar. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
The following table presents the computation of basic earnings per share (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
March 30,
2014
 
March 31,
2013
 
March 30,
2014
 
March 31,
2013
Net income

$28,164

 

$22,157

 

$94,342

 

$58,683

Weighted average common shares
121,535

 
116,682

 
120,677

 
116,059

Basic earnings per share
$0.23

 

$0.19

 
$0.78

 

$0.51


The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share amounts): 
 
Three Months Ended
 
Nine Months Ended
 
March 30,
2014
 
March 31,
2013
 
March 30,
2014
 
March 31,
2013
Net income

$28,164

 

$22,157

 

$94,342

 

$58,683

Weighted average common shares - basic
121,535

 
116,682

 
120,677

 
116,059

Dilutive effect of stock options, nonvested shares and ESPP purchase rights
2,160

 
1,926

 
2,463

 
709

Weighted average common shares - diluted
123,695

 
118,608

 
123,140

 
116,768

Diluted earnings per share
$0.23

 

$0.19

 
$0.77

 

$0.50


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 nine months ended March 30, 2014, there were 3.1 million and 2.4 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 nine months March 31, 2013, there were 2.2 million and 8.7 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was anti-dilutive.