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Earnings per Share (EPS)
 3 Months Ended
Sep. 25, 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
  
   
September 25,
2022
    
September 26,
2021
  
Net income available to common shareholders
  
$
307
    
$
285
  
                 
BASIC:
                
Weighted average common shares
    
16,632
      
18,005
  
                 
Net income per common share
  
$
0.02
    
$
0.02
  
                 
DILUTED:
                
Weighted average common shares
    
16,632
      
18,005
  
Convertible notes
    
—
      
798
  
Dilutive stock options
    
—
   
—
  
Weighted average common shares outstanding
    
16,632
      
18,803
  
                 
Net income per common share
  
$
0.02
    
$
0.02
  

For the three months ended September 25, 2022, exercisable options to purchase 111,750 shares of common stock at exercise prices from $3.95 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 26, 2021, exercisable options to purchase 166,750 shares of common stock at exercise prices ranging from $3.11 to $13.11 were excluded from the computation of diluted EPS because they had an intrinsic value of zero.