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Net (Loss) Income per Share
 12 Months Ended
Jun. 29, 2014
Earnings Per Share [Abstract]  
Net (Loss) Income per Share
Net (Loss) Income per Share
The following table sets forth the computation of basic and diluted net (loss) income per share:
 
2014
 
2013
 
2012
 
(In thousands, except per share data)
Numerator — Net (loss) income
$
(29,532
)
 
$
(5,214
)
 
$
(11,080
)
Less: Undistributed earnings allocated to participating securities
—

 
—

 
—

Undistributed earnings allocated to common shareholders for basic net (loss) income per share
$
(29,532
)
 
$
(5,214
)
 
$
(11,080
)
Add: Adjustment for interest expense on convertible senior notes, net of tax
$
—

 
$
—

 
$
—

Undistributed earnings allocated to the Company's common stockholders for diluted net (loss) income per share
$
(29,532
)
 
$
(5,214
)
 
$
(11,080
)
Denominator:
 
 
 
 
 
Denominator for basic net (loss) income per share — weighted average shares outstanding
83,917

 
90,271

 
86,585

Dilutive options outstanding, unvested stock units and ESPP
—

 
—

 
—

Dilutive common shares from the conversion spread of convertible senior notes
—

 
—

 
—

Denominator for diluted net (loss) income per share — adjusted weighted average shares outstanding
83,917

 
90,271

 
86,585

Basic net (loss) income per share
$
(0.35
)
 
$
(0.06
)
 
$
(0.13
)
Diluted net (loss) income per share
$
(0.35
)
 
$
(0.06
)
 
$
(0.13
)
Antidilutive options and unvested stock awards excluded from the computations
5,300

 
6,167

 
7,226

Average market price of common stock
$
7.13

 
$
6.75

 
$
8.19


The antidilutive stock options and unvested stock were excluded from the computation of diluted net (loss) income per share due to the Company incurring a net loss for the periods presented.
As the principal amount of the Convertible Senior Notes (Note 11) will be settled in cash upon conversion, only the conversion spread related to the Convertible Senior Notes will be included in the calculation of diluted net income per common share. As such, the Convertible Senior Notes will have no impact on diluted net income per common share until the price of the Company's common stock exceeds the conversion price (initially $10.30, subject to adjustments) of the Convertible Senior Notes. When the market price of the Company's stock exceeds the conversion price, the effect of the additional shares that may be issued upon conversion of the Convertible Senior Notes will be included in the diluted net income per common share calculation. During fiscal 2014, there were no anti-dilutive shares resulting from the Convertible Senior Notes as the price of the Company's common stock did not exceed the conversion price.