Earnings per share (Tables)

9 Months Ended

Mar. 31, 2018

Earnings per share

Basic and diluted earnings per share calculation

	Third Quarters Ended				Nine Months Ended
	March 31,		April 1,		March 31,		April 1,
	2018		2017		2018		2017
	(Thousands, except per share data)
Numerator:
Income (loss) from continuing operations	$	(315,604)	$	89,920	$	(200,628)	$	190,073
Income (loss) from discontinued operations		(4,462)		181,851		(14,411)		253,759
Net (loss) income	$	(320,066)	$	271,771	$	(215,039)	$	443,832
Denominator:
Weighted average common shares for basic earnings per share		119,601		128,487		120,895		127,973
Net effect of dilutive stock based compensation awards		—		945		—		1,874
Weighted average common shares for diluted earnings per share		119,601		129,432		120,895		129,847
Basic earnings (loss) per share - continuing operations	$	(2.64)	$	0.70	$	(1.66)	$	1.48
Basic earnings (loss) per share - discontinued operations		(0.04)		1.42		(0.12)		1.98
Basic earnings (loss) per share	$	(2.68)	$	2.12	$	(1.78)	$	3.46
Diluted earnings (loss) per share - continuing operations	$	(2.64)	$	0.69	$	(1.66)	$	1.46
Diluted earnings (loss) per share - discontinued operations		(0.04)		1.41		(0.12)		1.95
Diluted earnings (loss) per share	$	(2.68)	$	2.10	$	(1.78)	$	3.41
Stock options excluded from earnings per share calculation due to anti-dilutive effect		1,591		92		1,591		98