Earnings per Share (EPS)

3 Months Ended

Sep. 28, 2025

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 28, 2025		September 29, 2024
Net income available to common shareholders	$	645	$	526

BASIC:
Weighted average common shares		14,212		14,587

Net income per common share	$	0.05	$	0.04

DILUTED:
Weighted average common shares		14,212		14,587
Dilutive stock options and restricted stock units		65		212
Weighted average common shares outstanding		14,277		14,799

Net income per common share	$	0.05	$	0.04

For the three months ended September 28, 2025, exercisable options to purchase 50,000 shares of common stock at exercise price $3.95 were excluded from the computation of diluted EPS because they had an intrinsic value of zero. For the three months ended September 28, 2025, 142,328 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end.

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.