Earnings per Share (EPS)

9 Months Ended

Mar. 27, 2022

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				Nine Months Ended
	March 27, 2022		March 28, 2021		March 27, 2022		March 28, 2021
Net income available to common stockholders	$	493	$	416	$	1,235	$	594
BASIC:
Weighted average common shares		18,005		17,991		18,005		17,061
Net income per common share	$	0.03	$	0.02	$	0.07	$	0.03
DILUTED:
Weighted average common shares		18,005		17,991		18,005		17,061
Convertible notes		447		798		681		798
Dilutive stock options		—		—		—		—
Weighted average common shares outstanding		18,452		18,789		18,686		17,859
Net income per common share	$	0.03	$	0.02	$	0.07	$	0.03

For the three and nine months ended March 27, 2022, 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 their inclusion would have been anti-dilutive.

For the three and nine months ended March 28, 2021, 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 their inclusion would have been anti-dilutive.