EARNINGS PER SHARE AND COMMON STOCK

9 Months Ended

Mar. 30, 2025

Equity [Abstract]

EARNINGS PER SHARE AND COMMON STOCK

12.EARNINGS PER SHARE AND COMMON STOCK

The following table sets forth the computation of the Company’s net income (loss) per share:

	Three Months Ended						Nine Months Ended
	March 30,			March 31,			March 30,			March 31,
	2025			2024			2025			2024
Income from continuing operations	$	3,821		$	5,727		$	5,263		$	22,938
Loss from discontinued operations, net of tax		(78	)		(1,972	)		(3,917	)		(7,102	)
Net income	$	3,743		$	3,755		$	1,346		$	15,836
Weighted average shares — basic		16,414,340			16,844,440			16,471,352			17,003,616
Dilutive effect of assumed restricted share awards/units		126,005			121,184			82,883			90,342
Weighted average outstanding shares — diluted		16,540,345			16,965,624			16,554,235			17,093,958
Basic income (loss) per share
Continuing operations	$	0.23		$	0.34		$	0.32		$	1.35
Discontinued operations		—			(0.12	)		(0.24	)		(0.42	)
Net income	$	0.23		$	0.22		$	0.08		$	0.93
Diluted income (loss) per share
Continuing operations	$	0.23		$	0.34		$	0.32		$	1.34
Discontinued operations		—			(0.12	)		(0.24	)		(0.41	)
Net income	$	0.23		$	0.22		$	0.08		$	0.93

For the three and nine months ended March 31, 2024, an immaterial number of shares were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.

Share Repurchase Program

On July 24, 2023, the Board of the Company authorized a share repurchase program under which the Company may repurchase up to $50.0 million of its outstanding shares of common stock. The authorization became effective upon the completion of the Company's previously existing $50.0 million stock repurchase authorization on August 9, 2023.

During the three months ended March 30, 2025 and March 31, 2024, the Company repurchased 41,088 shares and 73,562 shares of common stock for $0.7 million and $1.6 million, respectively, in cash, excluding related fees and expenses. During the nine months ended March 30, 2025 and March 31, 2024, the Company repurchased 264,310 shares and 529,545 shares of common stock for $5.0 million and $11.7 million, respectively, in cash, excluding related fees and expenses. As of March 30, 2025, $30.4 million remained available under the program.