EARNINGS PER SHARE

9 Months Ended

Mar. 27, 2021

Earnings Per Share, Basic [Abstract]

The following table sets forth the computation of basic and diluted earnings per share:


	13-Week Period Ended				39-Week Period Ended
	Mar. 27, 2021		Mar. 28, 2020		Mar. 27, 2021		Mar. 28, 2020
	(In thousands, except for share and per share data)				(In thousands, except for share and per share data)
Numerator:
Net earnings (loss)	$	88,927	$	(3,297)	$	373,116	$	833,894
Denominator:
Weighted-average basic shares outstanding	511,110,670		508,745,253		510,081,610		510,729,277
Dilutive effect of share-based awards	3,474,459		3,912,404		2,607,285		4,903,538
Weighted-average diluted shares outstanding	514,585,129		512,657,657		512,688,895		515,632,815
Basic earnings (loss) per share	$	0.17	$	(0.01)	$	0.73	$	1.63
Diluted earnings (loss) per share	$	0.17	$	(0.01)	$	0.73	$	1.62

The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 1,893,000 and 4,844,000 for the third quarter of fiscal 2021 and fiscal 2020, respectively. The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 4,763,000 and 3,704,000 for the first 39 weeks of fiscal 2021 and fiscal 2020, respectively.