Earnings per share

12 Months Ended

Jun. 27, 2020

Earnings per share

Earnings per share

14. Earnings per share

	Years Ended
	June 27,		June 29,		June 30,
	2020		2019		2018
	(Thousands, except per share data)
Numerator:
Income (loss) from continuing operations	$	(29,533)	$	180,111	$	(142,889)
Loss from discontinued operations, net of tax		(1,548)		(3,774)		(13,535)
Net (loss) income	$	(31,081)	$	176,337	$	(156,424)
Denominator:
Weighted average common shares for basic earnings per share		100,474		109,820		119,909
Net effect of dilutive stock based compensation awards		—		978		—
Weighted average common shares for diluted earnings per share		100,474		110,798		119,909
Basic (loss) earnings per share - continuing operations	$	(0.29)	$	1.64	$	(1.19)
Basic loss per share - discontinued operations		(0.02)		(0.03)		(0.11)
Basic (loss) earnings per share	$	(0.31)	$	1.61	$	(1.30)
Diluted (loss) earnings per share - continuing operations	$	(0.29)	$	1.63	$	(1.19)
Diluted loss per share - discontinued operations		(0.02)		(0.04)		(0.11)
Diluted (loss) earnings per share	$	(0.31)	$	1.59	$	(1.30)
Stock options excluded from earnings per share calculation due to anti-dilutive effect		1,431		410		1,495

For the fiscal years ended June 27, 2020, and June 30, 2018, the diluted net loss per share is the same as the basic net loss per share as the effect of all potential common shares would be anti-dilutive.