EARNINGS PER SHARE

Basic earnings per share are computed using the weighted average number of shares of common stock outstanding during the period. For purposes of computing basic earnings per share, the weighted average number of outstanding shares of common stock excludes unvested RSUs and other awards as well as MSUs. Diluted earnings per share incorporates the incremental shares issuable upon the assumed exercise of stock options, assumed release of unvested RSUs and other awards as well as 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 per share:



	Three Months Ended				Nine Months Ended
	March 30, 2019		March 31, 2018		March 30, 2019		March 31, 2018
	(in thousands, except per share data)
Numerator for basic earnings per share and diluted earnings per share
Net income	$	130,613	$	193,627	$	459,928	$	273,146

Denominator for basic earnings per share	273,221		280,850		275,831		281,525
Effect of dilutive securities:
Stock options, ESPP, RSUs, and MSUs	3,389		5,031		3,849		4,696
Denominator for diluted earnings per share	276,610		285,881		279,680		286,221

Earnings per share
Basic	$	0.48	$	0.69	$	1.67	$	0.97
Diluted	$	0.47	$	0.68	$	1.64	$	0.95

For the three months ended March 30, 2019 and March 31, 2018, and the nine months ended March 30, 2019 and March 31, 2018, no stock awards were determined to be anti-dilutive. Therefore, none were excluded from the calculation of diluted earnings per share.