Earnings Per Share
3 Months Ended
Sep. 24, 2011
Earnings Per Share [Abstract] 
Earnings Per Share [Text Block]
EARNINGS PER SHARE

Basic earnings per share are computed using the weighted average number of shares of common stock outstanding during the period. For purposes of computing basic earnings per share, the weighted average number of outstanding shares of common stock excludes unvested RSUs. Diluted earnings per share incorporates the incremental shares issuable upon the assumed exercise of stock options, assumed release of unvested RSUs and assumed issuance of common stock under the employee stock purchase plans using the treasury stock method.

The following table sets forth the computation of basic and diluted earnings per share.

 
Three Months Ended
 
September 24,
2011
 
September 25,
2010
 
(Amounts in thousands, except per share data)
Numerator for basic earnings per share and diluted earnings per share
 
 
 
Net income
$
133,446

 
$
117,550

 
 
 
 
Denominator for basic earnings per share
294,475

 
298,216

Effect of dilutive securities:
 
 
 
Stock options, ESPP and RSUs
6,601

 
3,472

Denominator for diluted earnings per share
301,076

 
301,688

Earnings per share:
 
 
 
Basic
$
0.45

 
$
0.39

Diluted
$
0.44

 
$
0.39


Approximately 13.8 million and 22.2 million of the Company's stock options were excluded from the calculation of diluted earnings per share for the three months ended September 24, 2011 and September 25, 2010, respectively. These options were excluded because they were determined to be antidilutive. However, such options could be dilutive in the future and, under those circumstances, would be included in the calculation of diluted earnings per share.