Note 2 - Net Income Per Common Share

6 Months Ended

Dec. 27, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 2 – Net

Income

Per Common Share

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

	Three Months Ended						Six Months Ended
	December 27 , 2015			December 28 , 2014			December 27 , 2015			December 28 , 2014
		(in thousands, except per share data)
Numerator:
Net income	$	61,484		$	45,540		$	56,048		$	40,962
Less: Net loss attributable to noncontrolling interest		(55	)		(231	)		(1,007	)		(559	)
Income attributable to 1-800-FLOWERS.COM, Inc.	$	61,539		$	45,771		$	57,055		$	41,521
Denominator:
Weighted average shares outstanding		64,669			64,443			64,747			64,195
Effect of dilutive securities:
Employee stock options (1)		1,449			1,534			1,477			1,373
Employee restricted stock awards		861			1,084			996			1,073
		2,310			2,618			2,473			2,446
Adjusted weighted-average shares and assumed conversions		66,979			67,061			67,220			66,641
Net income per common share attributable to 1-800-FLOWERS.COM, Inc.
Basic	$	0.95		$	0.71		$	0.88		$	0.65
Diluted	$	0.92		$	0.68		$	0.85		$	0.62

Note (1):  The effect of options to purchase 0.1 million shares for both the three and six months ended December 27, 2015 and 0.3 million and 0.6 million shares for the three and six months ended December 28, 2014, respectively, were excluded from the calculation of net income per share on a diluted basis as their effect is anti-dilutive.