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Earnings per share (Tables)
 9 Months Ended
Apr. 02, 2016
Earnings per share  
Basic and diluted earnings per share calculation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarters Ended

 

Nine Months Ended

 

 

 

April 2,

 

March 28,

 

April 2,

 

March 28,

 

 

 

2016

  

2015

  

2016

  

2015

 

 

 

(Thousands, except per share data)

 

Numerator:

 

 

 

   

 

 

 

 

 

 

 

 

 

Net income

 

$
123,459

 

$
121,529

 

$
409,725

 

$
413,180

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 
129,811

 

 
136,046

 

 
131,834

 

 
136,965

 

Net effect of dilutive stock options, restricted stock units and performance share units

 

 
1,839

 

 
1,675

 

 
2,464

 

 
2,216

 

Weighted average common shares for diluted earnings per share

 

 
131,650

 

 
137,721

 

 
134,298

 

 
139,181

 

Basic earnings per share

 

$
0.95

 

$
0.89

 

$
3.11

 

$
3.02

 

Diluted earnings per share

 

$
0.94

 

$
0.88

 

$
3.05

 

$
2.97

 

Stock options excluded from earnings per share calculation due to anti-dilutive effect

 

 
422

 

 

 —

 

 
378

 

 

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