Earnings per share

3 Months Ended

Oct. 02, 2021

Earnings per share

Earnings per share

11. Earnings per share

	First Quarters Ended
	October 2,		October 3,
	2021		2020
	(Thousands, except per share data)
Numerator:
Net income (loss)	$	111,318	$	(18,889)
Denominator:
Weighted average common shares for basic earnings per share		99,647		98,897
Net effect of dilutive stock-based compensation awards		1,469		—
Weighted average common shares for diluted earnings per share		101,116		98,897
Basic earnings (loss) per share	$	1.12	$	(0.19)
Diluted earnings (loss) per share	$	1.10	$	(0.19)
Stock options excluded from earnings per share calculation due to anti-dilutive effect		897		875

For the first quarter of fiscal 2021, the diluted net loss per share is the same as basic net loss per share as the effect of all potential common shares would be anti-dilutive.