Net Income Per Common Share from Continuing Operations

12 Months Ended

Jun. 30, 2013

Net Income Per Common Share from Continuing Operations

Net Income Per Common Share from Continuing Operations

Note 3 — Net Income Per Common Share from Continuing Operations

The following table sets forth the computation of basic and diluted net income per common share from continuing operations:

	Years Ended
	June 30, 2013		July 1, 2012		July 3, 2011
	(in thousands, except per share data)
Numerator:
Net income from continuing operations	$	15,722	$	13,321	$	6,190
Denominator:
Weighted average shares outstanding	64,369		64,697		64,001
Effect of dilutive securities:
Employee stock options (1)	786		40		16
Employee restricted stock awards	1,637		1,502		1,136
	2,423		1,542		1,152
Adjusted weighted-average shares and assumed conversions	66,792		66,239		65,153
Net income per common share from continuing operations:
Basic	$	0.24	$	0.21	$	0.10
Diluted	$	0.24	$	0.20	$	0.10

Note (1): The effect of options to purchase 2.0 million, 5.5 million and 7.0 million shares for the years ended June 30, 2013, July 1, 2012, and July 3, 2011, respectively, were excluded from the calculation of net income per share on a diluted basis as their effect is anti-dilutive.