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				Nine Months Ended
	March 31, 2018		April 1, 2017		March 31, 2018		April 1, 2017
	(Thousands, except per share amounts)
Net income	$	10,807	$	38,214	$	56,033	$	71,832

Weighted-average shares - Basic	169,602		166,808		168,910		155,037
Effect of dilutive potential common shares from:
Stock options and stock appreciation rights	336		651		409		712
Restricted stock units and awards	1,323		2,382		2,019		2,484
Convertible notes	—		—		—		5,004
Weighted-average shares - Diluted	171,261		169,841		171,338		163,237

Basic net income per share	$	0.06	$	0.23	$	0.33	$	0.46
Diluted net income per share	$	0.06	$	0.22	$	0.33	$	0.44

For the three and nine months ended March 31, 2018, we excluded 0.9 million and 0.7 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 nine months ended April 1, 2017, we excluded 0.6 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.