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Earnings per Share (EPS)
 3 Months Ended
Sep. 29, 2019
Earnings per Share (EPS) [Abstract]  
Earnings per Share (EPS)
(7)
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 29,
2019
  
September 23,
2018
 
Net income available to common stockholders
 
$
237
  
$
108
 
Interest saved on convertible notes of $1,630 at 4%
 
$
16
  
$
17
 
Adjusted net income
 
$
253
  
$
125
 
         
BASIC:
        
Weighted average common shares
  
15,106
   
15,064
 
         
Net income per common share
 
$
0.02
  
$
0.01
 
         
DILUTED:
        
Weighted average common shares
  
15,106
   
15,064
 
Convertible notes
  
815
   
833
 
Dilutive stock options
  
3
   
-
 
Weighted average common shares outstanding
  
15,924
   
15,897
 
         
Net income per common share
 
$
0.02
  
$
0.01
 

For the three months ended September 29, 2019, options to purchase 216,550 shares of common stock at exercise prices from $2.71 to $13.11 were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.

For the three months ended September 23, 2018, options to purchase 378,056 shares of common stock at exercise prices ranging from $1.55 to $13.11 were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.