The following table sets forth the computation of basic and diluted earnings per share: | | | | | | | | | | | | | | For the Year Ended | | June 29,
2019 | | June 30,
2018 | | June 24,
2017 | | (in thousands, except per share data) | Numerator for basic earnings per share and diluted earnings per share | |
| | |
| | |
| Net income | $ | 827,486 |
| | $ | 467,318 |
| | $ | 571,613 |
| | | | | | | Denominator for basic earnings per share | 274,966 |
| | 280,979 |
| | 283,147 |
| Effect of dilutive securities: | |
| | |
| | |
| Stock options, ESPP, RSUs and MSUs | 3,811 |
| | 4,695 |
| | 4,827 |
| Denominator for diluted earnings per share | 278,777 |
| | 285,674 |
| | 287,974 |
| | | | | | | Earnings per share: | |
| | |
| | |
| Basic | $ | 3.01 |
| | $ | 1.66 |
| | $ | 2.02 |
| Diluted | $ | 2.97 |
| | $ | 1.64 |
| | $ | 1.98 |
|
|