XML 25 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings Per Share
 9 Months Ended
Mar. 25, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share are computed using the weighted average number of shares of common stock outstanding during the period. For purposes of computing basic earnings (loss) per share, the weighted average number of outstanding shares of common stock excludes unvested RSUs and MSUs. Diluted earnings (loss) per share incorporates the incremental shares issuable upon the assumed exercise of stock options, assumed release of unvested RSUs, Performance Shares, MSUs and assumed issuance of common stock under the 2008 ESPP using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings (loss) per share:
 
Three Months Ended
 
Nine Months Ended
 
March 25,
2017
 
March 26,
2016
 
March 25,
2017
 
March 26,
2016
 
(in thousands, except per share data)
Numerator for basic earnings (loss) per share and diluted earnings (loss) per share
 
 
 
 
 
 
 
Net income (loss)
$
140,213

 
$
139,810

 
$
408,304

 
$
135,136

 
 
 
 
 
 
 
 
Denominator for basic earnings (loss) per share
282,903

 
285,854

 
283,348

 
285,323

Effect of dilutive securities:
 
 
 
 
 
 
 
Stock options, ESPP, RSUs, and MSUs
4,979

 
3,929

 
4,861

 
4,325

Denominator for diluted earnings (loss) per share
287,882

 
289,783

 
288,209

 
289,648

 
 
 
 
 
 
 
 
Earnings (loss) per share
 
 
 
 
 
 
 
Basic
$
0.50

 
$
0.49

 
$
1.44

 
$
0.47

Diluted
$
0.49

 
$
0.48

 
$
1.42

 
$
0.47



For the three months ended March 25, 2017 and March 26, 2016 and the nine months ended March 25, 2017 and March 26, 2016, no securities were determined to be anti-dilutive and therefore none were excluded from the calculation of diluted earnings per share.