NET INCOME PER SHARE

6 Months Ended

Dec. 23, 2020

Basic net income per share is computed by dividing Net income by the Basic weighted average shares outstanding for the reporting period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of Diluted net income per share, the Basic weighted average shares outstanding is increased by the dilutive effect of stock options and restricted share awards. Stock options and restricted share awards with an anti-dilutive effect are not included in the Diluted net income per share calculation. Basic weighted average shares outstanding are reconciled to Diluted weighted average shares outstanding as follows:


	Thirteen Week Periods Ended		Twenty-Six Week Periods Ended
	December 23, 2020	December 25, 2019	December 23, 2020	December 25, 2019
Basic weighted average shares outstanding	45.3	37.4	45.2	37.4
Dilutive stock options	0.2	0.1	0.1	0.1
Dilutive restricted shares	0.6	0.6	0.6	0.6
Total dilutive impact	0.8	0.7	0.7	0.7
Diluted weighted average shares outstanding	46.1	38.1	45.9	38.1

Awards excluded due to anti-dilutive effect	0.6	1.1	1.1	1.2