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Earnings per share
 6 Months Ended
Dec. 30, 2017
Earnings per share  
Earnings per share

11. Earnings per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Second Quarters Ended

 

Six Months Ended

 

 

 

December 30,

 

December 31,

 

December 30,

 

December 31,

 

 

 

2017

  

2016

  

2017

  

2016

 

 

 

(Thousands, except per share data)

 

Numerator:

 

 

 

   

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

56,794

 

$

32,465

 

$

114,976

 

$

100,153

 

Income (loss) from discontinued operations

 

 

(10,070)

 

 

70,753

 

 

(9,949)

 

 

71,908

 

Net income

 

$

46,724

 

$

103,218

 

$

105,027

 

$

172,061

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares for basic earnings per share

 

 

120,400

 

 

127,901

 

 

121,543

 

 

127,716

 

Net effect of dilutive stock based compensation awards

 

 

1,349

 

 

2,446

 

 

1,324

 

 

2,339

 

Weighted average common shares for diluted earnings per share

 

 

121,749

 

 

130,347

 

 

122,867

 

 

130,055

 

Basic earnings per share - continuing operations

 

$

0.47

 

$

0.25

 

$

0.94

 

$

0.78

 

Basic earnings (loss) per share - discontinued operations

 

 

(0.08)

 

 

0.55

 

 

(0.08)

 

 

0.56

 

Basic earnings per share

 

$

0.39

 

$

0.80

 

$

0.86

 

$

1.34

 

Diluted earnings per share - continuing operations

 

$

0.47

 

$

0.25

 

$

0.93

 

$

0.77

 

Diluted earnings (loss) per share - discontinued operations

 

 

(0.08)

 

 

0.54

 

 

(0.08)

 

 

0.55

 

Diluted earnings per share

 

$

0.39

 

$

0.79

 

$

0.85

 

$

1.32

 

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

 

 

1,508

 

 

 7

 

 

1,508

 

 

 7

 

 

See Note 3 for additional information on income (loss) from discontinued operations.