Earnings Per Share

3 Months Ended

Oct. 01, 2017

Earnings Per Share

Earnings Per Share

NOTE 9 – Earnings Per Share

Basic earnings per share is computed by dividing net income available to common stockholders by the weighted-average number of shares of common stock outstanding during each period.  Diluted earnings per share is computed by dividing net income available to common stockholders by the diluted weighted-average shares of common stock outstanding during each period.  As a result of the Company’s net loss from continuing operations, for the three months ended October 1, 2017 and October 2, 2016, approximately 146,634 and 134,927 shares, respectively were considered anti-dilutive and were excluded from the computation of diluted earnings per share.