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Earnings Per Share
6 Months Ended
Dec. 25, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings (Loss) Per Share
The following table presents the computation of basic earnings (loss) per share (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
December 25,
2016
 
December 27,
2015
 
December 25,
2016
 
December 27,
2015
(Loss) income from continuing operations

($1,107
)
 

$9,412

 

($3,965
)
 

($16,324
)
Income from discontinued operations, net of tax
7,326

 
4,030

 
10,750

 
5,277

Net income (loss)

$6,219



$13,442

 
$
6,785

 
$
(11,047
)
Weighted average common shares
98,467

 
102,391

 
99,513

 
102,932

Basic (loss) income per share from continuing operations

($0.01
)
 

$0.09

 

($0.04
)
 

($0.16
)
Basic earnings per share from discontinued operations
0.07

 
0.04

 

$0.11

 
0.05

Earnings (loss) per share-basic

$0.06

 

$0.13

 

$0.07

 

($0.11
)

The following computation reconciles the differences between the basic and diluted earnings (loss) per share presentations (in thousands, except per share amounts): 
 
Three Months Ended
 
Six Months Ended
 
December 25,
2016
 
December 27,
2015
 
December 25,
2016
 
December 27,
2015
(Loss) income from continuing operations

($1,107
)
 

$9,412

 

($3,965
)
 

($16,324
)
Income from discontinued operations, net of tax
7,326

 
4,030

 
10,750

 
5,277

Net income (loss)

$6,219

 

$13,442

 

$6,785

 

($11,047
)
Weighted average common shares - basic
98,467

 
102,391

 
99,513

 
102,932

Dilutive effect of stock options, nonvested shares and Employee Stock Purchase Plan purchase rights

 
130

 

 

Weighted average common shares - diluted
98,467

 
102,521

 
99,513

 
102,932

Diluted (loss) earnings per share from continuing operations

($0.01
)
 

$0.09

 

($0.04
)
 

($0.16
)
Diluted earnings per share from discontinued operations
0.07

 
0.04

 
0.11

 
0.05

Earnings (loss) per share-diluted

$0.06

 

$0.13

 

$0.07

 

($0.11
)

Potential common shares that would have the effect of increasing diluted earnings per share or decreasing diluted loss per share are considered to be anti-dilutive and as such, these shares are not included in calculating diluted earnings per share. For the three and six months ended December 25, 2016, there were 12.1 million and 11.7 million, respectively, of potential common shares not included in the calculation of diluted earnings (loss) per share because their effect was anti-dilutive. For the three and six months ended December 27, 2015, there were 12.2 million and 11.5 million, respectively, of potential common shares not included in the calculation of diluted earnings (loss) per share because their effect was anti-dilutive.