Earnings Per Share (Tables)

12 Months Ended

Jun. 29, 2013

Basic earnings per share is computed based on the weighted average number of common shares outstanding and excludes any potential dilution. Diluted earnings per share reflect potential dilution from the exercise or conversion of securities into common stock.



	Years Ended
	June 29, 2013		June 30, 2012		July 2, 2011
	(Thousands, except per share data)
Numerator:
Net income for basic and diluted earnings per share	$	450,073	$	567,019	$	669,069
Denominator:
Weighted average common shares for basic earnings per share	137,951		147,278		152,481
Net effect of dilutive stock options and performance share awards	2,052		2,275		1,856
Weighted average common shares for diluted earnings per share	140,003		149,553		154,337
Basic earnings per share	$	3.26	$	3.85	$	4.39
Diluted earnings per share	$	3.21	$	3.79	$	4.34