Earnings per share

9 Months Ended

Mar. 28, 2020

Earnings per share

Earnings per share

11. Earnings per share

	Third Quarters Ended				Nine Months Ended
	March 28,		March 30,		March 28,		March 30,
	2020		2019		2020		2019
	(Thousands, except per share data)
Numerator:
Income (loss) from continuing operations	$	(128,661)	$	94,935	$	(81,694)	$	215,239
Loss from discontinued operations, net of tax		—		(6,887)		(1,548)		(7,066)
Net (loss) income	$	(128,661)	$	88,048	$	(83,242)	$	208,173
Denominator:
Weighted average common shares for basic earnings per share		99,479		108,074		101,013		111,222
Net effect of dilutive stock based compensation awards		—		748		—		1,030
Weighted average common shares for diluted earnings per share		99,479		108,822		101,013		112,252
Basic (loss) earnings per share - continuing operations	$	(1.29)	$	0.87	$	(0.81)	$	1.93
Basic loss per share - discontinued operations		—		(0.06)		(0.01)		(0.06)
Basic (loss) earnings per share	$	(1.29)	$	0.81	$	(0.82)	$	1.87
Diluted (loss) earnings per share - continuing operations	$	(1.29)	$	0.87	$	(0.81)	$	1.91
Diluted loss per share - discontinued operations		—		(0.06)		(0.01)		(0.06)
Diluted (loss) earnings per share	$	(1.29)	$	0.81	$	(0.82)	$	1.85
Stock options excluded from earnings per share calculation due to anti-dilutive effect		1,431		528		1,018		410

For the three and nine months ended March 28, 2020, the diluted net loss per share is the same as basic net loss per share as the effects of 208,399 and 775,060 potential common shares, respectively, would be anti-dilutive.