EARNINGS PER SHARE

6 Months Ended

Dec. 31, 2016

Earnings Per Share

The following tables present a reconciliation of the denominator in the basic and diluted EPS calculation 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)
	December 31, 2016		December 26, 2015
Net income	$	1,528	$	1,787
Weighted average shares outstanding—basic	10,758		10,710
Effect of dilutive common stock awards	210		708
Weighted average shares outstanding—diluted	10,968		11,418
Net income per share—basic	$	0.14	$	0.17
Net income per share—diluted	$	0.14	$	0.16
Antidilutive SARs not included in diluted earnings per share	892		456



	Six Months Ended
	(in thousands, except per share information)
	December 31, 2016		December 26, 2015
Net income	$	3,320	$	2,604
Weighted average shares outstanding—basic	10,753		10,708
Effect of dilutive common stock awards	166		571
Weighted average shares outstanding—diluted	10,919		11,279
Earnings per share—basic	$	0.31	$	0.24
Earnings per share—diluted	$	0.30	$	0.23
Antidilutive SARs not included in diluted earnings per share	892		456