EARNINGS PER SHARE

9 Months Ended

Apr. 02, 2022

Earnings Per Share

The following table presents 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 share and per share information)
	April 2, 2022		April 3, 2021
Net income	$	1,007	$	867
Weighted average shares outstanding—basic	10,762		10,760
Effect of dilutive common stock awards	300		669
Weighted average shares outstanding—diluted	11,062		11,429
Net income per share—basic	$	0.09	$	0.08
Net income per share—diluted	$	0.09	$	0.08
Antidilutive SARs not included in diluted earnings per share	619		188


	Nine Months Ended
	(in thousands, except share and per share information)
	April 2, 2022		April 3, 2021
Net income	$	2,409	$	4,166
Weighted average shares outstanding—basic	10,762		10,760
Effect of dilutive common stock awards	297		280
Weighted average shares outstanding—diluted	11,059		11,040
Net income per share—basic	$	0.22	$	0.39
Net income per share—diluted	$	0.22	$	0.38
Antidilutive SARs not included in diluted earnings per share	619		314