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EARNINGS PER SHARE
 12 Months Ended
Jun. 29, 2019
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:
 
 
Fiscal Year Ended
(in thousands, except per share information)
 
June 29, 2019
 
June 30, 2018
 
July 1, 2017
Net income (loss)
$
(7,982
)
 
$
(1,325
)
 
$
5,617

Weighted average shares outstanding– basic
10,760

 
10,760

 
10,756

Effect of dilutive common stock awards
—

 
—

 
161

Weighted average shares outstanding – diluted
10,760

 
10,760

 
10,917

Net income (loss) per share – basic
$
(0.74
)
 
$
(0.12
)
 
$
0.52

Net income (loss) per share – diluted
$
(0.74
)
 
$
(0.12
)
 
$
0.51

Antidilutive SARs not included in diluted earnings per share
985

 
827

 
892