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Earnings Per Common Share
3 Months Ended
Sep. 29, 2011
Earnings Per Common Share [Abstract] 
Earnings Per Common Share

Note 7 — Earnings Per Common Share

Earnings per common share is calculated using the weighted average number of shares of Common Stock and Class A Common Stock outstanding during the period. The following table presents the reconciliation of the weighted average number of shares outstanding used in computing earnings per share:

 

                 
    For the Quarter Ended  
    September 29,
2011
    September 23,
2010
 

Weighted average number of shares outstanding – basic

    10,682,647       10,657,282  

Effect of dilutive securities:

               

Stock options and restricted stock units

    91,298       108,284  
   

 

 

   

 

 

 

Weighted average number of shares outstanding – diluted

    10,773,945       10,765,566  
   

 

 

   

 

 

 

155,625 anti-dilutive stock options with a weighted average exercise price of $15.34 were excluded from the computation of diluted earnings per share for the quarter ended September 29, 2011. 112,625 anti-dilutive stock options with a weighted average exercise price of $17.52 were excluded from the computation of diluted earnings per share for the quarter ended September 23, 2010.