Earnings Per Share

6 Months Ended

Dec. 29, 2012

Earnings Per Share

Earnings Per Share

Note 3. Earnings Per Share

The following table sets forth the computation of basic and diluted net loss per share (in millions, except per share data):

	Three Months Ended					Six Months Ended
	December 29, 2012		December 31,  2011			December 29,  2012			December 31, 2011
Numerator:
Income (loss) from continuing operations, net of tax	$	3.3	$	(7.7	)	$	(6.5	)	$	(11.3	)
Income (loss) from discontinued operations, net of tax	0.8		(2.5		)	(1.0		)	(4.7		)
Net income (loss)	$	4.1	$	(10.2	)	$	(7.5	)	$	(16.0	)
Denominator:
Weighted-average number of common shares outstanding
Basic	234.4		229.4			233.6			228.9
Effect of dilutive securities from stock-based benefit plans	2.7		—			—			—
Diluted	237.1		229.4			233.6			228.9
Basic net income (loss) per share from:
Continuing operations, net of tax	$	0.02	$	(0.03	)	$	(0.03	)	$	(0.05	)
Discontinued operations, net of tax	—		(0.01		)	—			(0.02		)
Net income (loss)	$	0.02	$	(0.04	)	$	(0.03	)	$	(0.07	)
Diluted net income (loss) per share from:
Continuing operations, net of tax	$	0.02	$	(0.03	)	$	(0.03	)	$	(0.05	)
Discontinued operations, net of tax	—		(0.01		)	—			(0.02		)
Net income (loss)	$	0.02	$	(0.04	)	$	(0.03	)	$	(0.07	)

As the Company incurred net losses for the six months ended December 29, 2012 and for the three and six months ended December 31, 2011, potential dilutive securities from stock options, employee stock purchase plan (“ESPP”) and Full Value Awards (restricted shares and stock units) have been excluded from the diluted net loss per share computations as their effects were deemed anti-dilutive.

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
	December 29, 2012	December 31, 2011	December 29, 2012	December 31, 2011
Stock options and ESPP	3.9	10.4	8.2	10.7
Restricted shares and stock units	3.3	8.2	9.2	7.8
Total potentially dilutive securities	7.2	18.6	17.4	18.5

The Company’s 1% Senior 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.