INCOME PER SHARE

3 Months Ended

Oct. 01, 2011

Earnings Per Share [Abstract]

INCOME PER SHARE

3.  INCOME PER SHARE

Basic income per share is based upon the weighted average number of common shares outstanding.  Diluted income per share reflects the additional potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock.

Basic and diluted income per share for the three month periods ended October 1, 2011 and October 2, 2010 are computed as follows:

	Three Months Ended
(in thousands, except per share data)	October 1, 2011		October 2, 2010
Net income	$	445	$	9,510
Computation of common shares outstanding — basic earnings per share:
Weighted average shares of common stock		24,491		24,890
Basic earnings per share	$	0.02	$	0.38
Computation of common shares outstanding — diluted earnings per share:
Weighted average shares of common stock		24,491		24,890
Dilutive shares using the treasury stock method		92		373
Shares used in computing diluted earnings per share		24,583		25,263
Diluted earnings per share	$	0.02	$	0.38

Options to purchase 2,787,000 and 2,405,000 shares of common stock, and restricted stock units of 96,000 and 113,000 were outstanding as of October 1, 2011 and October 2, 2010 respectively, but not included in the computation of diluted earnings per share because the options and units would be anti-dilutive under the treasury stock method.