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NET INCOME (LOSS) PER SHARE
 6 Months Ended
Dec. 26, 2015
Earnings Per Share [Abstract]  
NET INCOME (LOSS) PER SHARE
NET INCOME (LOSS) PER SHARE
Basic net income (loss) per share is computed using only the weighted-average number of shares of common stock outstanding for the applicable period, while diluted net income (loss) per share is computed assuming conversion of all potentially dilutive securities, such as stock options, unvested restricted stock awards, warrants and convertible notes during such period.
The following table presents the calculation of basic and diluted net income (loss) per share:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
December 26, 2015
 
December 27, 2014
 
December 26, 2015
 
December 27, 2014
 
 
 
(Thousands, except per share amounts)
Net income (loss)
 
$
157

 
(12,283
)
 
(3,353
)
 
(32,637
)
 
 
 
 
 
 
 
 
 
Weighted-average shares - Basic
 
110,296

 
107,849

 
109,877

 
107,549

Effect of dilutive potential common shares from:
 
 
 
 
 
 
 
 
Stock options and stock appreciation rights
 
82

 
—

 
—

 
—

Restricted stock awards
 
2,016

 
—

 
—

 
—

Weighted-average shares - Diluted
 
112,394

 
107,849

 
109,877

 
107,549

 
 
 
 
 
 
 
 
 
Basic net income (loss) per share
 
$
0.00

 
$
(0.11
)
 
$
(0.03
)
 
$
(0.30
)
Diluted net income (loss) per share
 
$
0.00

 
$
(0.11
)
 
$
(0.03
)
 
$
(0.30
)

For the three and six months ended December 26, 2015, we excluded 36.2 million and 39.9 million, respectively, of outstanding stock options, stock appreciation rights, unvested restricted stock awards and shares issuable in connection with convertible notes from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive.
For the three and six months ended December 27, 2014, we excluded 9.7 million and 9.1 million, respectively, of outstanding stock options, stock appreciation rights and unvested restricted stock awards from the calculation of diluted net loss per share because their effect would have been anti-dilutive.