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Earnings per share (Tables)
 12 Months Ended
Jul. 01, 2017
Earnings per share  
Basic and diluted earnings per share calculation

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

July 1,

    

July 2,

    

June 27,

 

 

2017

 

2016

 

2015

 

 

(Thousands, except per share data)

Numerator:

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

 

263,351

 

 

390,909

 

 

485,375

Income from discontinued operations

 

$

261,927

 

$

115,622

 

$

86,538

Net income

 

 

525,278

 

 

506,531

 

 

571,913

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

127,032

 

 

130,858

 

 

136,688

Net effect of dilutive stock based compensation awards

 

 

1,619

 

 

2,315

 

 

2,103

Weighted average common shares for diluted earnings per share

 

 

128,651

 

 

133,173

 

 

138,791

Basic earnings per share - continuing operations

 

 

2.07

 

 

2.99

 

 

3.55

Basic earnings per share - discontinued operations

 

 

2.06

 

 

0.88

 

 

0.63

Basic earnings per share

 

$

4.13

 

$

3.87

 

$

4.18

Diluted earnings per share - continuing operations

 

 

2.05

 

 

2.93

 

 

3.50

Diluted earnings per share - discontinued operations

 

 

2.03

 

 

0.87

 

 

0.62

Diluted earnings per share

 

$

4.08

 

$

3.80

 

$

4.12

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

 

 

1,038

 

 

378

 

 

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