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Earnings per share
 12 Months Ended
Jun. 30, 2018
Earnings per share  
Earnings per share

15. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended

 

 

 

June 30,

    

July 1,

    

July 2,

 

 

 

2018

 

2017

 

2016

 

 

 

(Thousands, except per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

 

$

(142,889)

 

$

263,351

 

$

390,909

 

Income (loss) from discontinued operations

 

 

(13,535)

 

 

261,927

 

 

115,622

 

Net (loss) income

 

$

(156,424)

 

$

525,278

 

$

506,531

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

119,909

 

 

127,032

 

 

130,858

 

Net effect of dilutive stock based compensation awards

 

 

 —

 

 

1,619

 

 

2,315

 

Weighted average common shares for diluted earnings per share

 

 

119,909

 

 

128,651

 

 

133,173

 

Basic earnings (loss) per share - continuing operations

 

$

(1.19)

 

$

2.07

 

$

2.99

 

Basic earnings (loss) per share - discontinued operations

 

 

(0.11)

 

 

2.06

 

 

0.88

 

Basic earnings (loss) per share

 

$

(1.30)

 

$

4.13

 

$

3.87

 

Diluted earnings (loss) per share - continuing operations

 

$

(1.19)

 

$

2.05

 

$

2.93

 

Diluted earnings (loss) per share - discontinued operations

 

 

(0.11)

 

 

2.03

 

 

0.87

 

Diluted earnings (loss) per share

 

$

(1.30)

 

$

4.08

 

$

3.80

 

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

 

 

1,495

 

 

1,038

 

 

378

 

 

For the fiscal year ended June 30, 2018, the diluted net loss per share is the same as the basis net loss per share as the effect of 1,125,877 potential common shares would be anti-dilutive.