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, and convertible notes during such period.

The following table presents the calculation of basic and diluted net income (loss) per share for the fiscal years ended July 1, 2017, July 2, 2016 and June 27, 2015:



	Year Ended
	July 1, 2017		July 2, 2016		June 27, 2015
	(Thousands, except per share amounts)
Net income (loss)	$	127,859	$	8,580	$	(56,692	)

Weighted-average shares - Basic	158,115		110,599		108,144
Effect of dilutive potential common shares from:
Stock options and stock appreciation rights	674		204		—
Restricted stock units and awards	2,489		2,425		—
Convertible notes	3,753		—		—
Weighted-average shares - Diluted	165,031		113,228		108,144

Basic net income (loss) per share	$	0.81	$	0.08	$	(0.52	)
Diluted net income (loss) per share	$	0.77	$	0.08	$	(0.52	)

For fiscal years ended July 1, 2017, July 2, 2016 and June 27, 2015, we excluded 0.8 million, 35.6 million and 20.4 million, respectively, of outstanding stock options, stock appreciation rights, unvested restricted stock units or 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.