XML 35 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
12 Months Ended
Jun. 25, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
Loss Per Share
The following table presents the computation of basic loss per share (in thousands, except per share amounts):
 
Fiscal Years Ended
 
June 25,
2017
 
June 26,
2016
 
June 28,
2015
Basic:



Net loss

($98,118
)
 

($21,536
)
 

($64,692
)
Weighted average common shares
98,487

 
101,783

 
113,022

Basic loss per share

($1.00
)
 

($0.21
)
 

($0.57
)

The following computation reconciles the differences between the basic and diluted loss per share presentations (in thousands, except per share amounts): 
 
Fiscal Years Ended
 
June 25,
2017
 
June 26,
2016
 
June 28,
2015
Diluted:
 
 
 
 
 
Net loss

($98,118
)
 

($21,536
)
 

($64,692
)
Weighted average common shares - basic
98,487

 
101,783

 
113,022

Weighted average common shares - diluted
98,487

 
101,783

 
113,022

Diluted loss per share

($1.00
)
 

($0.21
)
 

($0.57
)

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 loss per share. For the fiscal years ended June 25, 2017June 26, 2016 and June 28, 2015, there were 11.4 million, 11.4 million and 7.0 million, respectively, of potential common shares not included in the calculation of diluted loss per share because their effect was anti-dilutive.