EARNINGS PER SHARE

9 Months Ended

Mar. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Earnings Per Share

Basic earnings per share (EPS) is calculated by dividing net income (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Diluted EPS is computed by including both the weighted-average number of shares outstanding and any dilutive common share equivalents in the denominator. The following table presents a reconciliation of the denominator and the number of antidilutive common share awards that were not included in the diluted earnings per share calculation. These antidilutive securities occur when equity awards outstanding have an option price greater than the average market price for the period:

	Three Months Ended
	(in thousands, except per share information)
	March 30, 2013		March 31, 2012
Net income	$	2,863	$	3,394
Weighted average shares outstanding—basic	10,489		10,447
Effect of dilutive common stock options	442		315
Weighted average shares outstanding—diluted	10,931		10,762
Earnings per share—basic	$	0.27	$	0.32
Earnings per share—diluted	$	0.26	$	0.32
Antidilutive options not included in diluted earnings per share	—		—

	Nine Months Ended
	(in thousands, except per share information)
	March 30, 2013		March 31, 2012
Net income	$	10,186	$	7,815
Weighted average shares outstanding—basic	10,488		10,437
Effect of dilutive common stock options	400		80
Weighted average shares outstanding—diluted	10,888		10,517
Earnings per share—basic	$	0.97	$	0.75
Earnings per share—diluted	$	0.94	$	0.74
Antidilutive options not included in diluted earnings per share	—		554