Earnings per share (Tables)

9 Months Ended

Mar. 30, 2019

Earnings per share

Basic and diluted earnings per share calculation

	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