Note 2 - Net Income Per Common Share

6 Months Ended

Dec. 29, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

2

– Net Income Per Common Share

The following table sets forth the computation of basic and diluted net income per common share:

	Three Months Ended				Six Months Ended
	December 29, 2019		December 30, 2018		December 29, 2019		December 30, 2018
	(in thousands, except per share data)
Numerator:
Net income	$	74,152	$	68,578	$	58,881	$	51,312
Denominator:
Weighted average shares outstanding		64,687		64,209		64,595		64,415
Effect of dilutive securities:
Employee stock options		997		1,415		1,046		1,476
Employee restricted stock awards		717		512		845		592
		1,714		1,927		1,891		2,068
Adjusted weighted-average shares and assumed conversions		66,401		66,136		66,486		66,483
Net income per common share
Basic	$	1.15	$	1.07	$	0.91	$	0.80
Diluted	$	1.12	$	1.04	$	0.89	$	0.77