Earnings Per Share

12 Months Ended

Jun. 29, 2013

Earnings Per Share

Earnings Per Share

Note 3. 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):

	Years Ended
	June 29, 2013		June 30, 2012			July 2, 2011
Numerator:
Income (loss) from continuing operations, net of tax	$	57.0	$	(26.1	)	$	78.7
Income (loss) from discontinued operations, net of tax		—		(29.5	)		(7.1	)
Net income (loss)	$	57.0	$	(55.6	)	$	71.6
Denominator:
Weighted-average number of common shares outstanding
Basic		235.0		230.0			224.4
Effect of dilutive securities from stock-based benefit plans		4.3		—			8.2
Diluted		239.3		230.0			232.6
Income (loss) from continuing operations, net of tax—basic	$	0.24	$	(0.11	)	$	0.35
Income (loss) from discontinued operations, net of tax—basic		—		(0.13	)		(0.03	)
Net income (loss)—basic	$	0.24	$	(0.24	)	$	0.32
Income (loss) from continuing operations, net of tax—diluted	$	0.24	$	(0.11	)	$	0.34
Income (loss) from discontinued operations, net of tax—diluted		—		(0.13	)		(0.03	)
Net income (loss)—diluted	$	0.24	$	(0.24	)	$	0.31

        The following table sets forth the weighted-average potentially dilutive securities excluded from the computation of the diluted income (loss) per share because their effect would have been anti-dilutive (in millions):

	Years Ended
	June 29, 2013		June 30, 2012		July 2, 2011
Stock options and ESPP		2.3		9.9		3.8
Restricted shares and stock units		2.2		7.7		—
Total potentially dilutive securities		4.5		17.6		3.8

        The 1% convertible 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 $30.30 per share is payable in shares of the Company's common stock or cash. See "Note 10. Debts and Letters of Credit" for more details.