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Earnings per share
 6 Months Ended
Dec. 29, 2018
Earnings per share  
Earnings per share

11. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarters Ended

 

Six Months Ended

 

 

December 29,

 

December 30,

 

December 29,

 

December 30,

 

 

2018

  

2017

  

2018

  

2017

 

 

(Thousands, except per share data)

Numerator:

 

 

 

   

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

36,775

 

$

56,794

 

$

120,304

 

$

114,976

Loss from discontinued operations

 

 

(374)

 

 

(10,070)

 

 

(179)

 

 

(9,949)

Net income

 

$

36,401

 

$

46,724

 

$

120,125

 

$

105,027

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

110,332

 

 

120,400

 

 

112,796

 

 

121,543

Net effect of dilutive stock based compensation awards

 

 

1,130

 

 

1,349

 

 

1,171

 

 

1,324

Weighted average common shares for diluted earnings per share

 

 

111,462

 

 

121,749

 

 

113,967

 

 

122,867

Basic earnings per share - continuing operations

 

$

0.33

 

$

0.47

 

$

1.07

 

$

0.94

Basic loss per share - discontinued operations

 

 

0.00

 

 

(0.08)

 

 

(0.01)

 

 

(0.08)

Basic earnings per share

 

$

0.33

 

$

0.39

 

$

1.06

 

$

0.86

Diluted earnings per share - continuing operations

 

$

0.33

 

$

0.47

 

$

1.06

 

$

0.93

Diluted loss per share - discontinued operations

 

 

0.00

 

 

(0.08)

 

 

(0.01)

 

 

(0.08)

Diluted earnings per share

 

$

0.33

 

$

0.39

 

$

1.05

 

$

0.85

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

 

 

1,404

 

 

1,508

 

 

1,205

 

 

1,508