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Earnings per Share (EPS)
 6 Months Ended
Dec. 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
    
Six Months Ended
  
   
December 24,
2023
    
December 25,
2022
    
December 24,
2023
    
December 25,
2022
  
Net income available to common stockholders
  
$
553
    
$
348
    
$
939
    
$
655
  
                                 
BASIC:
                                
Weighted average common shares
    
14,444
      
16,351
      
14,299
      
16,491
  
                                 
Net income per common share
  
$
0.04
    
$
0.02
    
$
0.07
    
$
0.04
  
                                 
DILUTED:
                                
Weighted average common shares
    
14,444
      
16,351
      
14,299
      
16,491
  
Dilutive stock options
    
21
      
—
      
20
      
—
  
Weighted average common shares outstanding
    
14,465
      
16,351
      
14,319
      
16,491
  
                                 
Net income per common share
  
$
0.04
    
$
0.02
    
$
0.07
    
$
0.04
  


For the three and six months ended December 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 and six months ended December 24, 2023, zero and 90,625 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.



For the three and six months ended December 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 and six months ended December 25, 2022, zero and zero RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.