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NET INCOME PER SHARE (Tables)
6 Months Ended
Dec. 28, 2014
Schedule of Numerators and Denominators of Basic and Diluted Computations for Net Income Per Share

The following table reconciles the numerators and denominators of the basic and diluted computations for net income per share.

 

     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

   $ 176,940       $ 148,992       $ 318,021       $ 234,498   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

Basic average shares outstanding

  159,248      162,305      160,467      162,603   

Effect of potential dilutive securities:

Employee stock plans

  3,304      2,847      3,432      2,869   

Convertible notes

  13,744      6,605      12,805      6,120   

Warrants

  750      —        378      —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted average shares outstanding

  177,046      171,757      177,082      171,592   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per share - basic

$ 1.11    $ 0.92    $ 1.98    $ 1.44   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income per share - diluted

$ 1.00    $ 0.87    $ 1.80    $ 1.37   
  

 

 

    

 

 

    

 

 

    

 

 

 
Schedule of Potentially Dilutive Securities Excluded from EPS Calculations

The following potentially dilutive securities were excluded:

 

     Three Months Ended      Six Months Ended  
     December 28,
2014
     December 29,
2013
     December 28,
2014
     December 29,
2013
 
     (in thousands)  

Number of potential dilutive securities excluded

     —           —           —           296