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Net Income Per Share
 6 Months Ended
Jan. 01, 2012
Earnings Per Share [Abstract]  
Net Income Per Share
Net Income Per Share
Basic net income per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period and excludes any dilutive effects of options and stock awards. Diluted net income per share is calculated by dividing net income by the weighted average number of common shares used in the basic earnings per share calculation plus the dilutive effect of options, stock awards and ESPP.
The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
 
 
Three Months Ended
 
Six Months Ended
 
January 1,
2012
 
December 26,
2010
 
January 1,
2012
 
December 26,
2010
Net income
$
4,107

 
$
8,929

 
$
5,689

 
$
11,641

Weighted-average shares used in per share calculation – basic
93,247

 
90,878

 
92,978

 
90,592

Incremental shares using the treasury stock method:
 
 
 
 
 
 
 
Stock options
282

 
361

 
299

 
316

Unvested restricted awards
471

 
35

 
645

 
34

Employee Stock Purchase Plan
118

 
—

 
134

 
—

Weighted-average share used in per share calculation – diluted
$
94,118

 
$
91,274

 
$
94,056

 
$
90,942

Net income per share – basic
$
0.04

 
$
0.10

 
$
0.06

 
$
0.13

Net income per share – diluted
$
0.04

 
$
0.10

 
$
0.06

 
$
0.13

 
 
 
 
 
 
 
 
Potentially dilutive common shares from employee incentive plans are determined by applying the treasury stock method to the assumed exercise of outstanding stock options, the assumed vesting of outstanding restricted stock units, and the assumed issuance of common stock under the stock purchase plan. Weighted stock options outstanding with an exercise price higher than the Company's average stock price for the periods presented are excluded from the calculation of diluted net income per share since the effect of including them would have been anti-dilutive due to the net income position of the Company during the periods presented. For the three and six months ended January 1, 2012, the Company excluded 8.8 million and 8.7 million outstanding weighted average stock options, respectively, from the calculation of diluted earnings per common share.  The Company excluded 7.3 million outstanding weighted average stock options from the calculation of diluted earnings per common share in both the three and six months ended December 26, 2010.