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Earnings per share
 9 Months Ended
Mar. 30, 2019
Earnings per share  
Earnings per share

11. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarters Ended

 

Nine Months Ended

 

 

March 30,

 

March 31,

 

March 30,

 

March 31,

 

 

2019

  

2018

  

2019

  

2018

 

 

(Thousands, except per share data)

Numerator:

 

 

 

   

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

94,935

 

$

(315,604)

 

$

215,239

 

$

(200,628)

Loss from discontinued operations

 

 

(6,887)

 

 

(4,462)

 

 

(7,066)

 

 

(14,411)

Net income (loss)

 

$

88,048

 

$

(320,066)

 

$

208,173

 

$

(215,039)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

108,074

 

 

119,601

 

 

111,222

 

 

120,895

Net effect of dilutive stock based compensation awards

 

 

748

 

 

 —

 

 

1,030

 

 

 —

Weighted average common shares for diluted earnings per share

 

 

108,822

 

 

119,601

 

 

112,252

 

 

120,895

Basic earnings (loss) per share - continuing operations

 

$

0.87

 

$

(2.64)

 

$

1.93

 

$

(1.66)

Basic loss per share - discontinued operations

 

 

(0.06)

 

 

(0.04)

 

 

(0.06)

 

 

(0.12)

Basic earnings (loss) per share

 

$

0.81

 

$

(2.68)

 

$

1.87

 

$

(1.78)

Diluted earnings (loss) per share - continuing operations

 

$

0.87

 

$

(2.64)

 

$

1.91

 

$

(1.66)

Diluted loss per share - discontinued operations

 

 

(0.06)

 

 

(0.04)

 

 

(0.06)

 

 

(0.12)

Diluted earnings (loss) per share

 

$

0.81

 

$

(2.68)

 

$

1.85

 

$

(1.78)

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

 

 

528

 

 

1,591

 

 

410

 

 

1,591

 

 

For the three and nine months ended March 31, 2018, the diluted net loss per share is the same as basic net loss per share as the effects of all potential common shares would be anti-dilutive as the Company had net losses.