Net Income (Loss) Per Share

6 Months Ended

Dec. 31, 2013

Net Income (Loss) Per Share

Net Income (Loss) Per Share

10.  Net Income (Loss) Per Share

Basic income (loss) per share is determined by dividing net income (loss) by the weighted average common shares outstanding during the period. Diluted income (loss) per share is determined by dividing net income (loss) by diluted weighted average shares outstanding during the period. Diluted weighted average shares reflect the dilutive effect, if any, of potential common shares. To the extent their effect is dilutive, employee equity awards and other commitments to be settled in common stock are included in the calculation of diluted net income (loss) per share based on the treasury stock method.

For the three and six months ended December 30, 2013 and 2012, certain employee equity awards were anti-dilutive based on the treasury stock method. The calculations of basic and diluted net income (loss) per share and basic and diluted weighted average shares outstanding are as follows:

	Three Months Ended				Six Months Ended
	December 31,				December 31,
	2013		2012		2013		2012
	(Dollars and Shares in Thousands, Except per Share Data)
Net income	$	23,263	$	9,937	$	38,262	$	14,350
Weighted average shares outstanding	92,839		93,512		93,124		93,470
Dilutive impact from:
Share-based payment awards	977		1,951		1,013		2,071
Dilutive weighted average shares outstanding	93,816		95,463		94,137		95,541
Income per share
Basic	$	0.25	$	0.11	$	0.41	$	0.15
Dilutive	$	0.25	$	0.10	$	0.41	$	0.15

The following potential common shares were excluded from the calculation of dilutive weighted average shares outstanding because their effect would be anti-dilutive at the balance sheet date:

	Three Months Ended		Six Months Ended
	December 31,		December 31,
	2013	2012	2013	2012
	(Shares in Thousands)
Employee equity awards	312	472	652	1,034