Earnings per share

12 Months Ended

Jul. 01, 2023

Earnings per share

Earnings per share

14. Earnings per share

	Years Ended
	July 1,		July 2,		July 3,
	2023		2022		2021
	(Thousands, except per share data)
Numerator:
Net income	$	770,828	$	692,379	$	193,114
Denominator:
Weighted average common shares for basic earnings per share		92,043		98,662		99,258
Net effect of dilutive stock-based compensation awards		1,325		1,157		910
Weighted average common shares for diluted earnings per share		93,368		99,819		100,168
Basic earnings per share	$	8.37	$	7.02	$	1.95
Diluted earnings per share	$	8.26	$	6.94	$	1.93
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		140		230		700