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Earnings Per Share
 3 Months Ended
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.