XML 37 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings per share
 12 Months Ended
Jul. 02, 2016
Earnings per share  
Earnings per share

14. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

    

July 2,

    

June 27,

    

June 28,

 

 

2016

 

2015

 

2014

 

 

(Thousands, except per share data)

Numerator:

 

 

 

 

 

 

 

 

 

Net income

 

$
506,531

 

$
571,913

 

$
545,604

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 
130,858

 

 
136,688

 

 
137,991

Net effect of dilutive stock options, restricted stock units and performance share units

 

 
2,315

 

 
2,103

 

 
2,128

Weighted average common shares for diluted earnings per share

 

 
133,173

 

 
138,791

 

 
140,119

Basic earnings per share

 

$
3.87

 

$
4.18

 

$
3.95

Diluted earnings per share

 

$
3.80

 

$
4.12

 

$
3.89

Stock options excluded from earnings per share calculation due to anti-dilutive effect

 

 
378

 

 

 —

 

 

 —