Earnings per share

12 Months Ended

Jun. 29, 2024

Earnings per share

Earnings per share

14. Earnings per share

	Years Ended
	June 29,		July 1,		July 2,
	2024		2023		2022
	(Thousands, except per share data)
Numerator:
Net income	$	498,699	$	770,828	$	692,379
Denominator:
Weighted average common shares for basic earnings per share		90,567		92,043		98,662
Net effect of dilutive stock-based compensation awards		1,270		1,325		1,157
Weighted average common shares for diluted earnings per share		91,837		93,368		99,819
Basic earnings per share	$	5.51	$	8.37	$	7.02
Diluted earnings per share	$	5.43	$	8.26	$	6.94
Stock options excluded from earnings per share calculation due to an anti-dilutive effect		79		140		230