EARNINGS PER SHARE

12 Months Ended

Jun. 28, 2025

Basic earnings per share (EPS) is calculated by dividing net loss (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 28, 2025		June 29, 2024
Net loss	$	(8,318)	$	(2,787)

Weighted average shares outstanding—basic	10,762		10,762
Effect of dilutive common stock awards	—		—
Weighted average shares outstanding—diluted	10,762		10,762
Net loss per share—basic	$	(0.77)	$	(0.26)
Net loss per share—diluted	$	(0.77)	$	(0.26)
Antidilutive stock-based awards not included in diluted earnings per share	11		515