Earnings Per Share

3 Months Ended

Sep. 27, 2015

(Loss) Earnings Per Share

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



	Three Months Ended
	September 27, 2015			September 28, 2014
Net (loss) income		($23,623	)		$11,130
Weighted average common shares	103,473			119,605
Basic (loss) earnings per share		($0.23	)		$0.09

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



	Three Months Ended
	September 27, 2015			September 28, 2014
Net (loss) income		($23,623	)		$11,130
Weighted average common shares - basic	103,473			119,605
Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights	—			1,538
Weighted average common shares - diluted	103,473			121,143
Diluted (loss) earnings per share		($0.23	)		$0.09

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss 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 27, 2015, there were 11.6 million of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive. For the three months ended September 28, 2014, there were 5.2 million of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive.