Third Quarters Ended

Nine Months Ended

March 28,

March 30,

March 28,

March 30,

2020

2019

2020

2019

(Thousands, except per share data)

Numerator:

Income (loss) from continuing operations

$

(128,661)

$

94,935

$

(81,694)

$

215,239

Loss from discontinued operations, net of tax

—

(6,887)

(1,548)

(7,066)

Net (loss) income

$

(128,661)

$

88,048

$

(83,242)

$

208,173

Denominator:

Weighted average common shares for basic earnings per share

99,479

108,074

101,013

111,222

Net effect of dilutive stock based compensation awards

—

748

—

1,030

Weighted average common shares for diluted earnings per share

99,479

108,822

101,013

112,252

Basic (loss) earnings per share - continuing operations

$

(1.29)

$

0.87

$

(0.81)

$

1.93

Basic loss per share - discontinued operations

—

(0.06)

(0.01)

(0.06)

Basic (loss) earnings per share

$

(1.29)

$

0.81

$

(0.82)

$

1.87

Diluted (loss) earnings per share - continuing operations

$

(1.29)

$

0.87

$

(0.81)

$

1.91

Diluted loss per share - discontinued operations

—

(0.06)

(0.01)

(0.06)

Diluted (loss) earnings per share

$

(1.29)

$

0.81

$

(0.82)

$

1.85

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

1,431

528

1,018

410