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Earnings per share
 9 Months Ended
Mar. 29, 2014
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share
 
Third Quarters Ended
 
Nine Months Ended
 
March 29,
2014
 
March 30,
2013
 
March 29,
2014
 
March 30,
2013
 
(Thousands, except per share data)
Numerator:
 
 
 
 
 
 
 
Net income
$
113,851

 
$
86,196

 
$
359,339

 
$
323,982

Denominator:
 
 
 
 
 
 
 
Weighted average common shares for basic earnings
   per share
138,418

 
137,102

 
137,845

 
138,215

Net effect of dilutive stock option, restricted stock and
   performance share awards
1,761

 
1,913

 
2,170

 
2,101

Weighted average common shares for diluted earnings
   per share
140,179

 
139,015

 
140,015

 
140,316

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.82

 
$
0.63

 
$
2.61

 
$
2.34

Diluted earnings per share
$
0.81

 
$
0.62

 
$
2.57

 
$
2.31



For the three and nine months ended March 29, 2014 and for the three months ended March 30, 2013, none of the outstanding options were excluded from the calculation of diluted earnings per share because all of the outstanding options were dilutive. For the nine months ended March 30, 2013, 565,840 options were excluded from this calculation, because the exercise price for those options was above the average market price of the Company’s shares for those periods and inclusion of these options in the diluted earnings per share calculation would have had an anti-dilutive effect.