Net Income Per Share

3 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Net Income Per Share

Net Income 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):

	Three Months Ended
	September 30, 2012		October 2, 2011
Net income	$	12,915	$	1,583
Weighted-average shares used in per share calculation – basic	94,738		92,768
Incremental shares using the treasury stock method:
Stock options	356		316
Restricted stock units	294		820
Employee Stock Purchase Plan	111		151
Weighted -average share used in per share calculation – diluted	95,499		94,055
Net income per share – basic	0.14		0.02
Net income per share – diluted	0.14		0.02

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 months ended September 30, 2012 and October 2, 2011, the Company excluded 7.1 million and 8.7 million outstanding weighted average stock options, respectively, from the calculation of diluted earnings per common share because they would have been anti-dilutive.