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Net (Loss) Income Per Share
 6 Months Ended
Dec. 28, 2014
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share
Net Income (Loss) Per Share
Net income (loss) per share was computed by dividing net income (loss) by the weighted average number of common shares outstanding for the three and six months ended December 28, 2014 and December 29, 2013:
 
Three Months Ended
 
Six Months Ended
 
December 28, 2014
 
December 29, 2013
 
December 28, 2014

December 29, 2013
 
(in thousands, except per share data)
Numerator
 
 
 
 
 
 
 
Net income (loss)
4,322

 
(4,027
)
 
3,603

 
(7,668
)
Less: Undistributed earnings allocated to participating securities
—

 
—

 
(1
)
 
—

Undistributed earnings allocated to the Company’s common stockholders for basic net income (loss) per share
$
4,322

 
$
(4,027
)
 
$
3,602

 
$
(7,668
)
Undistributed earnings allocated to the Company’s common stockholders for diluted net income (loss) per share
$
4,322

 
$
(4,027
)
 
$
3,602

 
$
(7,668
)
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Denominator for basic net income (loss) per share- weighted average shares outstanding
71,459

 
86,881

 
71,250

 
89,162

Effect of dilutive securities:
 
 
 
 
 
 
 
Dilutive options outstanding, unvested stock units, and ESPP
1,663

 
—

 
1,670

 
—

Denominator for diluted net income (loss) per share - adjusted weighted average shares outstanding
73,122

 
86,881

 
72,920

 
89,162

Basic net income (loss) per share
$
0.06

 
$
(0.05
)
 
$
0.05

 
$
(0.09
)
Diluted net income (loss) per share
$
0.06

 
$
(0.05
)
 
$
0.05

 
$
(0.09
)
Antidilutive options and unvested stock excluded from the computations
2,563

 
5,281

 
2,525

 
5,623

Average market price of common stock
$
5.36

 
$
7.44

 
$
5.40

 
$
7.61



The antidilutive stock options and unvested stock were excluded from the computation of diluted net income (loss) per share due to the assumed proceeds from the award's exercise or vesting being greater than the average market price of the common shares or due to the Company incurring net losses for the periods presented.
As the principal amount of the Convertible Senior Notes (Note 8) will be settled in cash upon conversion, only the conversion spread relating 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 the three and six month period ended December 28, 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.