Earnings Per Share

12 Months Ended

Jun. 28, 2015

(Loss) Earnings Per Share

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



	Fiscal Years Ended
	June 28, 2015			June 29, 2014		June 30, 2013
Basic:
Net (loss) income		($64,051	)		$124,191		$86,925
Weighted average common shares	113,022			120,623		116,621
Basic (loss) earnings per share		($0.57	)		$1.03		$0.75

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



	Fiscal Years Ended
	June 28, 2015			June 29, 2014		June 30, 2013
Diluted:
Net (loss) income		($64,051	)		$124,191		$86,925
Weighted average common shares - basic	113,022			120,623		116,621
Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights	—			2,291		1,358
Weighted average common shares - diluted	113,022			122,914		117,979
Diluted (loss) earnings per share		($0.57	)		$1.01		$0.74

Potential common shares that would have the effect of increasing diluted (loss) earnings per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted (loss) earnings per share. For the fiscal years ended June 28, 2015, June 29, 2014 and June 30, 2013, there were 7.0 million, 2.6 million and 2.4 million, respectively, of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive.