Earnings per share (Tables)

3 Months Ended

Oct. 02, 2021

Earnings per share

Basic and diluted earnings per share calculation

	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