Earnings per Share (EPS)

3 Months Ended

Sep. 24, 2023

Earnings per Share (EPS) [Abstract]

Earnings per Share (EPS)

Note E - 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 24, 2023		September 25, 2022
Net income available to common shareholders	$	386	$	307
BASIC:
Weighted average common shares		14,154		16,632
Net income per common share	$	0.03	$	0.02
DILUTED:
Weighted average common shares		14,154		16,632
Dilutive RSU		589		—
Dilutive stock options		19		—
Weighted average common shares outstanding		14,762		16,632
Net income per common share	$	0.03	$	0.02

For the three months ended September 24, 2023, exercisable options to purchase 103,086 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 24, 2023, 90,625 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end.

For the three months ended September 25, 2022, exercisable options to purchase 111,750 shares of common stock at exercise prices ranging 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 25, 2022, zero RSUs were excluded from the computation of diluted EPS.