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EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 25, 2023
EARNINGS PER SHARE [Abstract]  
Earnings per Share Basic and Diluted

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).

   
Fiscal Year Ended
 
   
June 25,
2023
   
June 26,
2022
 
Net income available to common shareholders
 
$
1,613
   
$
8,022
 
Interest saved on convertible notes at 4%
 
$
   
$
40
 
Adjusted net income
 
$
1,613
   
$
8,062
 
                 
BASIC:
               
Weighted average common shares
   
15,323
     
17,993
 
                 
Net income per common share
 
$
0.11
   
$
0.45
 
                 
DILUTED:
               
Weighted average common shares
   
15,323
     
17,993
 
Dilutive restricted stock units
   
588
     
 
Dilutive stock options
           
Weighted average common shares outstanding
   
15,911
     
17,993
 
                 
Income from continuing operations per common share
 
$
0.10
   
$
0.45