Earnings Per Share

6 Months Ended

Dec. 30, 2023

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)
	December 30, 2023		December 31, 2022
Net income	$	1,084	$	967
Weighted average shares outstanding—basic	10,762		10,762
Effect of dilutive common stock awards	127		70
Weighted average shares outstanding—diluted	10,889		10,832
Net income per share—basic	$	0.10	$	0.09
Net income per share—diluted	$	0.10	$	0.09
Antidilutive SARs not included in diluted earnings per share	525		904


	Six Months Ended
	(in thousands, except per share information)
	December 30, 2023		December 31, 2022
Net income	$	1,419	$	2,119
Weighted average shares outstanding—basic	10,762		10,762
Effect of dilutive common stock awards	127		70
Weighted average shares outstanding—diluted	10,889		10,832
Net income per share—basic	$	0.13	$	0.20
Net income per share—diluted	$	0.13	$	0.20
Antidilutive SARs not included in diluted earnings per share	525		904