Earnings per Share (EPS)

6 Months Ended

Dec. 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				Six Months Ended
		December 28,		December 29,		December 28,		December 29,
		2025		2024		2025		2024
Net income available to common shareholders	$	637	$	607	$	1,282	$	1,133

BASIC:
Weighted average common shares		14,212		14,690		14,212		14,638

Net income per common share	$	0.04	$	0.04	$	0.09	$	0.08

DILUTED:
Weighted average common shares		14,212		14,690		14,212		14,638
Dilutive stock options and restricted stock units		64		26		65		22
Weighted average common shares outstanding		14,276		14,716		14,277		14,660

Net income per common share	$	0.04	$	0.04	$	0.09	$	0.08

For the three and six months ended December 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 and six months ended December 28, 2025, 277,400 and 277,400 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 29, 2024, exercisable options to purchase 74,286 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 29, 2024, 142,328 and 247,328 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.