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Earnings per Share (EPS)
 3 Months Ended
Sep. 26, 2021
Earnings per Share (EPS) [Abstract]  
Earnings per Share (EPS)

Note F - 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 26,
2021
    
September 27,
2020
  
Net income available to common shareholders
  
$
285
    
$
76
                 
BASIC:
                
Weighted average common shares
    
18,005
      
15,451
  
                 
Net income per common share
  
$
0.02
    
$
0.00
                 
DILUTED:
                
Weighted average common shares
    
18,005
      
15,451
  
Convertible notes
    
798
      
798
  
Dilutive stock options
    
—
      
—
  
Weighted average common shares outstanding
    
18,803
      
16,249
  
                 
Net income per common share
  
$
0.02
    
$
0.00

For the three months ended September 26, 2021, options to purchase 166,750 shares of common stock at exercise prices from $3.11 to $13.11 were excluded from the computation of diluted EPS because they had an intrinsic value of zero. For the three months ended September 27, 2020, options to purchase 206,750 shares of common stock at exercise prices ranging from $2.71 to $13.11 were excluded from the computation of diluted EPS because they had an intrinsic value of zero.