Earnings Per Share

6 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE

Basic earnings per share are computed using the weighted average number of shares of common stock outstanding during the period. For purposes of computing basic earnings per share, the weighted average number of outstanding shares of common stock excludes unvested RSUs. Diluted earnings per share incorporates the incremental shares issuable upon the assumed exercise of stock options, assumed release of unvested RSUs and assumed issuance of common stock under the employee stock purchase plans using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share.

	Three Months Ended				Six Months Ended
	December 31, 2011		December 25, 2010		December 31, 2011		December 25, 2010
	(in thousands, except per share data)
Numerator for basic earnings per share and diluted earnings per share
Net income	$	88,130	$	109,590	$	221,576	$	227,140
Denominator for basic earnings per share	291,824		296,550		293,098		297,329
Effect of dilutive securities:
Stock options, ESPP and RSUs	7,466		6,710		6,985		4,538
Denominator for diluted earnings per share	299,290		303,260		300,083		301,867
Earnings per share:
Basic	$	0.30	$	0.37	$	0.76	$	0.76
Diluted	$	0.29	$	0.36	$	0.74	$	0.75

Approximately 14.6 million and 15.3 million of the Company's stock options were excluded from the calculation of diluted earnings per share for the three months ended December 31, 2011 and December 25, 2010, respectively. Approximately 14.2 million and 22.9 million of the Company's stock options were excluded from the calculation of diluted earnings per share for the six months ended December 31, 2011 and December 25, 2010, respectively. These options were excluded because they were determined to be antidilutive. However, such options could be dilutive in the future and, under those circumstances, would be included in the calculation of diluted earnings per share.