Earnings per share (Tables)

6 Months Ended

Dec. 31, 2016

Earnings per share

Basic and diluted earnings per share calculation

	Second Quarters Ended				Six Months Ended
	December 31,		January 2,		December 31,		January 2,
	2016		2016		2016		2016
	(Thousands, except per share data)
Numerator:
Income - continuing operations, after tax	$	32,465	$	102,141	$	100,153	$	211,065
Income - discontinued operations, after tax		70,753		53,871		71,908		75,201
Net income	$	103,218	$	156,012	$	172,061	$	286,266
Denominator:
Weighted average common shares for basic earnings per share		127,901		131,909		127,716		132,846
Net effect of dilutive stock options, restricted stock units and performance share units		2,446		3,009		2,339		2,776
Weighted average common shares for diluted earnings per share		130,347		134,918		130,055		135,622
Basic earnings per share - continuing operations	$	0.25	$	0.77	$	0.78	$	1.59
Basic earnings per share - discontinued operations		0.55		0.41		0.56		0.56
Basic earnings per share	$	0.80	$	1.18	$	1.34	$	2.15
Diluted earnings per share - continuing operations	$	0.25	$	0.76	$	0.77	$	1.56
Diluted earnings per share - discontinued operations		0.54		0.40		0.55		0.55
Diluted earnings per share	$	0.79	$	1.16	$	1.32	$	2.11
Stock options excluded from earnings per share calculation due to anti-dilutive effect		7		—		7		—