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Earnings per Share (EPS)
6 Months Ended
Dec. 23, 2018
Earnings per Share (EPS) [Abstract]  
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
  
Six Months Ended
 
  
December 23,
2018
  
December 24,
2017
  
December 23,
2018
  
December 24,
2017
 
Income/(loss) from continuing operations
 
$
232
  
$
(397
)
 
$
340
  
$
(528
)
Loss from discontinued operations
  
-
   
(180
)
  
-
   
(405
)
Net income/(loss) available to common stockholders
 
$
232
  
$
(577
)
 
$
340
  
$
(933
)
Interest saved on convertible notes of $1,574 at 4%
 
$
16
  
$
-
  
$
31
  
$
-
 
Adjusted net income/(loss)
 
$
248
  
$
(577
)
 
$
371
  
$
(933
)
                 
BASIC:
                
Weighted average common shares
  
15,071
   
14,344
   
15,068
   
12,742
 
                 
Income/(loss) from continuing operations per common share
 
$
0.02
  
$
(0.03
)
 
$
0.02
  
$
(0.04
)
Loss from discontinued operations per common share
  
-
   
(0.01
)
  
-
   
(0.03
)
Net income/(loss) per common share
 
$
0.02
  
$
(0.04
)
 
$
0.02
  
$
(0.07
)
                 
DILUTED:
                
Weighted average common shares
  
15,071
   
14,344
   
15,068
   
12,742
 
Convertible notes
  
833
   
-
   
833
   
-
 
Dilutive stock options
  
-
   
-
   
-
   
-
 
Weighted average common shares outstanding
  
15,904
   
14,344
   
15,901
   
12,742
 
                 
                 
Income/(loss) from continuing operations per common share
 
$
0.02
  
$
(0.03
)
 
$
0.02
  
$
(0.04
)
Loss from discontinued operations per common share
  
-
   
(0.01
)
  
-
   
(0.03
)
Net income/(loss) per common share
 
$
0.02
  
$
(0.04
)
 
$
0.02
  
$
(0.07
)

For the three and six month periods ended December 23, 2018, options to purchase 288,056 shares of common stock at exercise prices ranging from $1.55 to $13.11 were excluded from the computation of diluted EPS.