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Loss Per Share
9 Months Ended
Mar. 25, 2018
Earnings Per Share [Abstract]  
Loss Per Share
The following table presents the computation of basic loss per share (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
March 25,
2018
 
March 26,
2017
 
March 25,
2018
 
March 26,
2017
Net loss

($240,577
)
 

($99,013
)
 

($246,712
)
 

($92,230
)
Weighted average common shares
100,140

 
97,346

 
99,046

 
98,791

Basic loss per share

($2.40
)
 

($1.02
)
 

($2.49
)
 

($0.93
)

The following computation reconciles the differences between the basic and diluted loss per share presentations (in thousands, except per share amounts): 
 
Three Months Ended
 
Nine Months Ended
 
March 25,
2018
 
March 26,
2017
 
March 25,
2018
 
March 26,
2017
Net loss

($240,577
)
 

($99,013
)
 

($246,712
)
 

($92,230
)
Weighted average common shares - basic
100,140

 
97,346

 
99,046

 
98,791

Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights

 

 

 

Weighted average common shares - diluted
100,140

 
97,346

 
99,046

 
98,791

Diluted loss per share

($2.40
)
 

($1.02
)
 

($2.49
)
 

($0.93
)

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 and nine months ended March 25, 2018, there were 3.8 million and 4.4 million, respectively, of potential common shares not included in the calculation of diluted loss per share because their effect was anti-dilutive. For the three and nine months ended March 26, 2017, there were 11.3 million and 11.5 million, respectively, of potential common shares not included in the calculation of diluted loss per share because their effect was anti-dilutive.