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Earnings Per Share (Tables)
9 Months Ended
Mar. 30, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Information on earnings per share is as follows (in thousands, except per share data):
 
 
Three Months Ended
 
Nine Months Ended
 
 
March 30,
2014
 
March 31,
2013
 
March 30,
2014
 
March 31,
2013
Net Income
 
$
39,153

 
$
38,516

 
$
20,506

 
$
21,354

Less: Earnings Allocated to Participating Securities
 
(1,150
)
 
(1,117
)
 
(552
)
 
(562
)
Net Income Available to Common Shareholders
 
$
38,003

 
$
37,399

 
$
19,954

 
$
20,792

Average Shares of Common Stock Outstanding
 
46,129

 
47,336

 
46,549

 
47,126

Diluted Average Shares Outstanding
 
46,245

 
47,709

 
46,615

 
47,291

Basic Earnings Per Share
 
$
0.82

 
$
0.79

 
$
0.43

 
$
0.44

Diluted Earnings Per Share
 
$
0.82

 
$
0.78

 
$
0.43

 
$
0.44

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following options to purchase shares of common stock were excluded from the calculation of diluted earnings per share as the exercise prices were greater than the average market price of the common shares:
 
 
Three Months Ended
 
Nine Months Ended
 
 
March 30,
2014
 
March 31,
2013
 
March 30,
2014
 
March 31,
2013
Options to Purchase Shares of Common Stock (in thousands)
 
508

 
1,590

 
916

 
1,590

Weighted Average Exercise Price of Options Excluded
 
$
36.68

 
$
34.13

 
$
29.62

 
$
34.13