Earnings Per Share

9 Months Ended

Apr. 01, 2023

Earnings Per ShareThe 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 1, 2023		April 2, 2022
Net income	$	1,976	$	1,007
Weighted average shares outstanding—basic	10,762		10,762
Effect of dilutive common stock awards	103		300
Weighted average shares outstanding—diluted	10,865		11,062
Net income per share—basic	$	0.18	$	0.09
Net income per share—diluted	$	0.18	$	0.09
Antidilutive SARs not included in diluted earnings per share	376		619


	Nine Months Ended
	(in thousands, except share and per share information)
	April 1, 2023		April 2, 2022
Net income	$	4,094	$	2,409
Weighted average shares outstanding—basic	10,762		10,762
Effect of dilutive common stock awards	130		297
Weighted average shares outstanding—diluted	10,892		11,059
Net income per share—basic	$	0.38	$	0.22
Net income per share—diluted	$	0.38	$	0.22
Antidilutive SARs not included in diluted earnings per share	516		619