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Net Income per Common Share
 12 Months Ended
Jun. 29, 2014
Earnings Per Share [Abstract]  
Net Income per Common Share
Net Income per Common Share


The table below provides a computation of basic and diluted earnings per share for the fiscal years ended June 29, 2014, June 30, 2013 and June 24, 2012 (in thousands, except per share amounts):
 
Fiscal Year Ended
 
June 29, 2014
 
June 30, 2013
 
June 24, 2012
Net income (loss)
$
58,733

 
$
(88,820
)
 
$
(55,050
)
Net income (loss) per common share - basic
 
 
 
 
 
Basic weighted average common shares outstanding
71,108

 
69,385

 
69,270

Basic net income (loss) per common share
$
0.83

 
$
(1.28
)
 
$
(0.79
)
Net income (loss) per common share - diluted
 
 
 
 
 
Basic weighted average common shares outstanding
71,108

 
69,385

 
69,270

Effect of dilutive securities – stock options and RSU’s
1,441

 
—

 
—

Diluted weighted average common shares outstanding
72,549

 
69,385

 
69,270

Diluted net income (loss) per common share
$
0.81

 
$
(1.28
)
 
$
(0.79
)


For the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012, 0.0 million, 0.9 million, and 0.6 million of common stock equivalents were anti-dilutive and were not included in the computation of diluted earnings per share for these periods, respectively. In addition, for the fiscal years ended June 29, 2014, June 30, 2013, and June 24, 2012, 0.7 million, 1.2 million, and 0.8 million, respectively, of contingently issuable RSUs for which all necessary conditions had not been met were not included in the computation of diluted earnings per share.