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NET INCOME (LOSS) PER SHARE
 3 Months Ended
Oct. 01, 2016
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 units and 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
 
October 1, 2016
 
September 26, 2015
 
(Thousands, except per share amounts)
Net income (loss)
$
3,351

 
$
(3,510
)
 
 
 
 
Weighted-average shares - Basic
132,480

 
109,458

Effect of dilutive potential common shares from:
 
 
 
Stock options and stock appreciation rights
656

 
—

Restricted stock units and awards
2,393

 
—

Convertible notes
—

 
—

Weighted-average shares - Diluted
135,529

 
109,458

 
 
 
 
Basic net income (loss) per share
$
0.03

 
$
(0.03
)
Diluted net income (loss) per share
$
0.02

 
$
(0.03
)

For the three months ended October 1, 2016, we excluded 15.8 million 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. Included in the 15.8 million are approximately 15.0 million shares issuable in connection with convertible notes. In accordance with ASC 260, Earnings Per Share, we excluded the convertible notes for the period prior to actual conversion in the first quarter of fiscal year 2017, since the convertible notes for that period prior to conversion are considered anti-dilutive because the interest per common share obtainable on conversion exceeds the basic earnings per share.
For the three months ended September 26, 2015, we excluded 42.1 million 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.