Earnings Per Share (EPS)

3 Months Ended

Sep. 25, 2011

Earnings Per Share (EPS)

Earnings Per Share (EPS)

(5) Earnings per Share (EPS)

The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts).

	Three Months Ended
	September 25, 2011						September 26, 2010
	Diluted			Basic			Diluted			Basic
Income from continuing operations	$	329		$	329		$	145		$	145
Discontinued operations		(16	)		(16	)		(16	)		(16	)
Net income available to common stockholders	$	313		$	313		$	129		$	129
Weighted average common shares		8,011			8,011			8,011			8,011
Dilutive stock options		117			-			-			-
Average common shares outstanding		8,128			8,011			8,011			8,011
Income from continuing operations per share	$	0.04		$	0.04		$	0.02		$	0.02
Discontinued operations loss per common share		-			-			-			-
Net income per common share	$	0.04		$	0.04		$	0.02		$	0.02

For the three months ended September 25, 2011,options to purchase 40,000 shares of common stock at exercise prices of $3.17 were not included in the computation of diluted EPS because the options’ exercise prices were greater than the average market price of the common shares for the period.  For the quarter ended September 26, 2010, options to purchase 565,510 shares of common stock at exercise prices ranging from $1.90 to $3.17 per share were not included in the computation of diluted EPS because the options’ exercise prices were greater than the average market price of the common shares for the period.