XML 75 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Income (Loss) Per Share (Notes)
12 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share
Net Income (Loss) Per Share
Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period, less shares subject to repurchase, and excludes any dilutive effects of options, warrants and unvested restricted stock. Dilutive earnings 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 shares subject to repurchase, options, warrants and unvested restricted stock. The following table presents the calculation of basic and diluted net income per share (in thousands, except per share data):
 
 
Year Ended
 
June 30,
2012
 
July 3,
2011
 
June 27,
2010
Net income
$
15,872

 
$
2,713

 
$
227

Weighted-average shares used in per share calculation – basic
93,451

 
91,423

 
89,281

Incremental shares using the treasury stock method:
 
 
 
 
 
Stock options
372

 
427

 
171

Unvested restricted awards
554

 
818

 
25

Employee Stock Purchase Plan
113

 
127

 

Weighted -average share used in per share calculation – diluted
94,490

 
92,795

 
89,477

Net income per share – basic
0.17

 
0.03

 
$

Net income per share – diluted
0.17

 
0.03

 
$



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 fiscal 2012, 2011, and 2010, the Company excluded 8.3 million, 8.0 million, and 12.2 million outstanding weighted average stock options, respectively, from the calculation of diluted earnings per common share because they would have been anti-dilutive.