Note 3 - Net Income Per Common Share from Continuing Operations

12 Months Ended

Jul. 03, 2016

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
	July 3, 2016			June 28, 2015			June 29, 2014
	(in thousands, except per share data)
Numerator:
Income from continuing operations	$	35,868		$	19,384		$	13,946
Less: Net loss attributable to noncontrolling interest		(1,007	)		(903	)		(697	)
Income from continuing operations attributable to 1-800-FLOWERS.COM, Inc.	$	36,875		$	20,287		$	14,643

Denominator:
Weighted average shares outstanding		64,896			64,976			64,035
Effect of dilutive securities:
Employee stock options (1)		1,294			1,561			1,083
Employee restricted stock awards		893			1,065			1,342
		2,187			2,626			2,425

Adjusted weighted-average shares and assumed conversions		67,083			67,602			66,460

Net income per common share from continuing operations attributable to 1-800-FLOWERS.COM, Inc.
Basic	$	0.57		$	0.31		$	0.23
Diluted	$	0.55		$	0.30		$	0.22

Note (1): The effect of options to purchase 0.1 million, 0.1 million and 1.2 million shares for the years ended July 3, 2016, June 28, 2015 and June 29, 2014, respectively, were excluded from the calculation of net income per share on a diluted basis as their effect is anti-dilutive.