NET INCOME PER SHARE

Basic net income per share is computed using only the weighted-average number of shares of common stock outstanding for the applicable period, while diluted net income per share is computed assuming conversion of all potentially dilutive securities, such as stock options and unvested restricted stock units and awards during such period.

The following table presents the calculation of basic and diluted net income per share:



	Three Months Ended				Six Months Ended
	December 30, 2017		December 31, 2016		December 30, 2017		December 31, 2016
	(Thousands, except per share amounts)
Net income	$	18,737	$	30,267	$	45,226	$	33,618

Weighted-average shares - Basic	168,990		165,822		168,564		149,151
Effect of dilutive potential common shares from:
Stock options and stock appreciation rights	360		752		432		724
Restricted stock units and awards	1,342		2,282		2,083		2,420
Convertible notes	—		—		—		7,506
Weighted-average shares - Diluted	170,692		168,856		171,079		159,801

Basic net income per share	$	0.11	$	0.18	$	0.27	$	0.23
Diluted net income per share	$	0.11	$	0.18	$	0.26	$	0.21

For the three and six months ended December 30, 2017, we excluded 3.2 million and 0.8 million shares, respectively, underlying outstanding stock options, stock appreciation rights and unvested restricted stock awards from the calculation of diluted net income per share because their effect would have been anti-dilutive.

For the three and six months ended December 31, 2016, we excluded 0.8 million and 0.8 million shares, respectively, underlying outstanding stock options, stock appreciation rights and unvested restricted stock awards from the calculation of diluted net income per share because their effect would have been anti-dilutive.