EARNINGS PER SHARE

9 Months Ended

Apr. 01, 2017

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)
	April 1, 2017		April 2, 2016
Net income	$	961	$	1,783
Weighted average shares outstanding—basic	10,759		10,711
Effect of dilutive common stock awards	198		357
Weighted average shares outstanding—diluted	10,957		11,068
Net income per share—basic	$	0.09	$	0.17
Net income per share—diluted	$	0.09	$	0.16
Antidilutive SARs not included in diluted earnings per share	892		869



	Nine Months Ended
	(in thousands, except per share information)
	April 1, 2017		April 2, 2016
Net income	$	4,281	$	4,387
Weighted average shares outstanding—basic	10,755		10,709
Effect of dilutive common stock awards	161		589
Weighted average shares outstanding—diluted	10,916		11,298
Earnings per share—basic	$	0.40	$	0.41
Earnings per share—diluted	$	0.39	$	0.39
Antidilutive SARs not included in diluted earnings per share	892		456