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Earnings Per Share | 3 Months Ended
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Sep. 28, 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
| September 28, 2014 |  | September 29, 2013
Basic: |  |  |
Net income |  | $11,130 |  |  |  | $30,497 |
Weighted average common shares | 119,605 |  |  | 119,564 |
Basic earnings per share |  | $0.09 |  |  |  | $0.26 |
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 28, 2014 |  | September 29, 2013
Diluted: |  |  |
Net income |  | $11,130 |  |  |  | $30,497 |
Weighted average common shares - basic | 119,605 |  |  | 119,564 |
Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights | 1,538 |  |  | 2,800 |
Weighted average common shares - diluted | 121,143 |  |  | 122,364 |
Diluted earnings per share |  | $0.09 |  |  |  | $0.25 |
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 28, 2014 and September 29, 2013, there were 5.2 million and 1.1 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was anti-dilutive.

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