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Loss Per Share
9 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Loss Per Share
The following table presents the computation of Basic (loss) earnings per share (in thousands, except per share amounts):
 
Three Months Ended
 
Nine Months Ended
 
March 31,
2019
 
March 25,
2018
 
March 31,
2019
 
March 25,
2018
Net (loss) income from continuing operations

($22,311
)


($10,163
)


($23,259
)


$12,414

Net income attributable to non-controlling interest
121


44


23


59

Income (loss) before discontinued operations
(22,432
)

(10,207
)

(23,282
)

12,355

Loss from discontinued operations, net of tax
(205,420
)

(230,370
)

(218,085
)

(259,067
)
Net loss attributable to controlling interest

($227,852
)


($240,577
)


($241,367
)


($246,712
)
Weighted average common shares
103,659

 
100,140

 
102,807

 
99,046

Basic (loss) earnings per share from continuing operations and non-controlling interest

($0.22
)


($0.10
)


($0.23
)


$0.13

Basic (loss) per share from discontinued operations
(1.98
)

(2.30
)

(2.12
)

(2.62
)
(Loss) earnings per share - basic

($2.20
)


($2.40
)


($2.35
)


($2.49
)

The following computation reconciles the differences between the basic and diluted (loss) earnings per share presentations (in thousands, except per share amounts): 
 
Three Months Ended
 
Nine Months Ended
 
March 31,
2019
 
March 25,
2018
 
March 31,
2019
 
March 25,
2018
Net (loss) income from continuing operations

($22,311
)


($10,163
)


($23,259
)


$12,414

Net income attributable to non-controlling interest
121


44


23


59

Income (loss) before discontinued operations
(22,432
)
 
(10,207
)
 
(23,282
)
 
12,355

Loss from discontinued operations, net of tax (Note 2)
(205,420
)

(230,370
)

(218,085
)

(259,067
)
Net loss attributable to controlling interest

($227,852
)


($240,577
)


($241,367
)


($246,712
)
Weighted average common shares - basic
103,659

 
100,140

 
102,807

 
99,046

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

 

 

 
1,626

Weighted average common shares - diluted
103,659

 
100,140

 
102,807

 
100,672

Diluted (loss) earnings per share from continuing operations and non-controlling interest

($0.22
)


($0.10
)


($0.23
)


$0.12

Diluted (loss) per share from discontinued operations
(1.98
)

(2.30
)

(2.12
)

(2.57
)
(Loss) earnings per share - diluted

($2.20
)


($2.40
)


($2.35
)


($2.45
)

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 nine months ended March 31, 2019, there were 1.5 million and 2.4 million of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive. For the three and nine months ended March 25, 2018, there were 3.8 million and 4.4 million, respectively, of potential common shares not included in the calculation of diluted (loss) earnings per share because their effect was anti-dilutive.