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Earnings Per Share
6 Months Ended
Jan. 02, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Note 4. Earnings Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share (in millions, except per share data):
 
Three Months Ended
 
Six Months Ended
 
January 2, 2016
 
December 27, 2014
 
January 2, 2016
 
December 27, 2014
Numerator:
 

 
 

 
 
 
 
Income (loss) from continuing operations, net of taxes
$
3.3

 
$
(37.7
)
 
$
(10.3
)
 
$
(63.5
)
Income (loss) from discontinued operations, net of taxes
3.0

 
12.6

 
(50.4
)
 
28.7

Net income (loss)
$
6.3

 
$
(25.1
)
 
$
(60.7
)
 
$
(34.8
)
Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding
 
 
 
 
 
 
 
Basic
234.9

 
232.1

 
235.5

 
231.5

Effect of dilutive securities from stock-based benefit plans
2.2

 

 

 

Diluted
237.1

 
232.1

 
235.5

 
231.5

 
 
 
 
 
 
 
 
Net income (loss) per share - basic and diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.02

 
$
(0.16
)
 
$
(0.04
)
 
$
(0.27
)
Discontinued operations
0.01

 
0.05

 
(0.22
)
 
0.12

Net income (loss) per share
$
0.03

 
$
(0.11
)
 
$
(0.26
)
 
$
(0.15
)

The following table sets forth the weighted-average potentially dilutive securities excluded from the computation of the diluted net income (loss) per share because their effect would have been anti-dilutive (in millions):
 
Three Months Ended
 
Six Months Ended
 
January 2, 2016 (2)
 
December 27, 2014 (1)(2)
 
January 2, 2016 (1)(2)
 
December 27, 2014 (1)(2)
Stock options and ESPP
0.9

 
3.8

 
3.4

 
3.8

Restricted Stock Units
4.5

 
11.1

 
11.0

 
10.8

Total potentially dilutive securities
5.4

 
14.9

 
14.4

 
14.6

(1)  As the Company incurred a net loss in the period, potential dilutive securities from employee stock options, employee stock purchase plan (“ESPP”) and Restricted Stock Units (“RSUs”) have been excluded from the diluted net loss per share computations as their effects were deemed anti-dilutive.

(2)  The Company’s 0.625% Senior Convertible 2033 Notes are not included in the table above. The par amount of convertible notes is payable in cash equal to the principal amount of the notes plus any accrued and unpaid interest and then the “in-the-money” conversion benefit feature at the conversion price above $11.28 per share is payable in cash, shares of the Company’s common stock or a combination of both. Refer to “Note 10. Debts and Letters of Credit” for more details.