Earnings Per Share

12 Months Ended

Jun. 24, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The following presents the computation of basic earnings per share (in thousands, except per share amounts):

	Fiscal Years Ended
	June 24, 2012		June 26, 2011		June 27, 2010
Basic:
Net income	$	44,412	$	146,500	$	152,290
Weighted average common shares	114,693		108,522		102,371
Basic earnings per share	$	0.39	$	1.35	$	1.49

The following computation reconciles the differences between the basic and diluted earnings per share presentations (in thousands, except per share data):

	Fiscal Years Ended
	June 24, 2012		June 26, 2011		June 27, 2010
Diluted:
Net income	$	44,412	$	146,500	$	152,290
Weighted average common shares - basic	114,693		108,522		102,371
Dilutive effect of stock options, nonvested shares and ESPP purchase rights	532		1,513		2,327
Weighted average common shares - diluted	115,225		110,035		104,698
Diluted earnings per share	$	0.39	$	1.33	$	1.45

Potential common shares that have the effect of increasing diluted earnings per share are considered to be antidilutive and as such, these shares are not included in calculating diluted earnings per share. As of June 24, 2012, June 26, 2011 and June 27, 2010, there were 7.0 million, 2.0 million and 0.4 million, respectively, of potential common shares not included in the calculation of diluted earnings per share because their effect was antidilutive.