XML 28 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings per share
 9 Months Ended
Apr. 01, 2017
Earnings per share  
Earnings per share

11. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarters Ended

 

Nine Months Ended

 

 

April 1,

 

April 2,

 

April 1,

 

April 2,

 

 

2017

  

2016

  

2017

  

2016

 

 

(Thousands, except per share data)

Numerator:

 

 

 

   

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

89,920

 

$

107,792

 

$

190,073

 

$

318,857

Income from discontinued operations

 

 

181,851

 

 

15,667

 

 

253,759

 

 

90,868

Net income

 

$

271,771

 

$

123,459

 

$

443,832

 

$

409,725

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

128,487

 

 

129,811

 

 

127,973

 

 

131,834

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

 

 

945

 

 

1,839

 

 

1,874

 

 

2,464

Weighted average common shares for diluted earnings per share

 

 

129,432

 

 

131,650

 

 

129,847

 

 

134,298

Basic earnings per share - continuing operations

 

$

0.70

 

$

0.83

 

$

1.48

 

$

2.42

Basic earnings per share - discontinued operations

 

 

1.42

 

 

0.12

 

 

1.98

 

 

0.69

Basic earnings per share

 

$

2.12

 

$

0.95

 

$

3.46

 

$

3.11

Diluted earnings per share - continuing operations

 

$

0.69

 

$

0.82

 

$

1.46

 

$

2.37

Diluted earnings per share - discontinued operations

 

 

1.41

 

 

0.12

 

 

1.95

 

 

0.68

Diluted earnings per share

 

$

2.10

 

$

0.94

 

$

3.41

 

$

3.05

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

 

 

92

 

 

422

 

 

98

 

 

378

 

See Note 3 for additional information on income from discontinued operations.