Earnings Per Common Share

9 Months Ended

Mar. 29, 2012

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 common share:

	For the Quarter Ended				For the Thirty-nine Weeks Ended
	March 29, 2012		March 24, 2011		March 29, 2012		March 24, 2011
Weighted average shares outstanding – basic		10,742,881		10,676,192		10,712,319		10,667,786
Effect of dilutive securities:
Stock options and restricted stock units		114,525		—		90,334		98,274
Weighted average shares outstanding – diluted		10,857,406		10,676,192		10,802,653		10,766,060

109,625 anti-dilutive stock options with a weighted average exercise price of $17.43 were excluded from the computation of diluted earnings per common share for the quarter ended March 29, 2012. 167,500 restricted stock units and 287,875 stock options with a weighted average exercise price of $11.99 were excluded from the computation of diluted earnings per common share for the quarter ended March 24, 2011 due to the net loss for that period. 139,083 weighted average anti-dilutive stock options with a weighted average exercise price of $15.89 were excluded from the computation of diluted earnings per common share for the thirty-nine weeks ended March 29, 2012. 112,625 weighted average anti-dilutive stock options with a weighted average exercise price of $17.52 were excluded from the computation of diluted earnings per common share for the thirty-nine weeks ended March 24, 2011.