Earnings per Share (EPS)

3 Months Ended

Sep. 29, 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
	September 29, 2024		September 24, 2023
Net income available to common shareholders	$	526	$	386
BASIC:
Weighted average common shares		14,587		14,154
Net income per common share	$	0.04	$	0.03
DILUTED:
Weighted average common shares		14,587		14,154
Dilutive stock options and restricted stock units		212		608
Weighted average common shares outstanding		14,799		14,762
Net income per common share	$	0.04	$	0.03

For the three months ended September 29, 2024, exercisable options to purchase 71,886 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 29, 2024, 105,000 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end.

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.