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Earnings per share
 3 Months Ended
Sep. 30, 2017
Earnings per share  
Earnings per share

11. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First Quarters Ended

 

 

 

September 30,

 

October 1,

 

 

 

2017

  

2016

 

 

 

(Thousands, except per share data)

 

Numerator:

 

 

 

   

 

 

 

Income from continuing operations

 

$

58,182

 

$

67,688

 

Income from discontinued operations

 

 

121

 

 

1,155

 

Net income

 

$

58,303

 

$

68,843

 

Denominator:

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

122,685

 

 

127,531

 

Net effect of dilutive stock based compensation awards

 

 

1,299

 

 

2,232

 

Weighted average common shares for diluted earnings per share

 

 

123,984

 

 

129,763

 

Basic earnings per share - continuing operations

 

$

0.48

 

$

0.53

 

Basic earnings per share - discontinued operations

 

 

0.00

 

 

0.01

 

Basic earnings per share

 

$

0.48

 

$

0.54

 

Diluted earnings per share - continuing operations

 

$

0.47

 

$

0.52

 

Diluted earnings per share - discontinued operations

 

 

0.00

 

 

0.01

 

Diluted earnings per share

 

$

0.47

 

$

0.53

 

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

 

 

2,033

 

 

674

 

 

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