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Earnings per Share (EPS)
 9 Months Ended
Mar. 24, 2024
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
    
Nine Months Ended
  
 
March 24, 2024
March 26, 2023
March 24, 2024
 March 26, 2023  
Net income available to common stockholders
  
$
654
    
$
323
    
$
1,593
    
$
978
  
                                 
BASIC:
                                
Weighted average common shares
    
14,587
      
14,154
      
14,395
      
15,712
  
                                 
Net income per common share
  
$
0.04
    
$
0.02
    
$
0.11
    
$
0.06
  
                                 
DILUTED:
                                
Weighted average common shares
    
14,587
      
14,154
      
14,395
      
15,712
  
Dilutive stock options
    
150
      
—
      
151
      
—
  
Weighted average common shares outstanding
    
14,737
      
14,154
      
14,546
      
15,712
  
                                 
Net income per common share
  
$
0.04
    
$
0.02
    
$
0.11
    
$
0.06
  


For the three and nine months ended March 24, 2024, 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 nine months ended March 24, 2024, 65,625 and 156,250 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.



For the three and nine months ended March 26, 2023, 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 nine months ended March 26, 2023, zero and zero RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.