(Loss) Earnings Per Share

6 Months Ended

Jan. 01, 2023

Earnings Per Share [Abstract]

(Loss) Earnings Per Share

(Loss) Earnings Per Share

Basic (loss) earnings per share is computed on the basis of the weighted average number of shares of common stock outstanding during the applicable period. Diluted (loss) earnings per share is computed on the basis of the weighted average number of shares of common stock plus the potential dilutive common shares outstanding during the applicable period using the treasury stock method. Potential dilutive common shares include outstanding stock options and unvested restricted stock awards.

A reconciliation of the components of the basic and diluted per-share computations follows (in thousands, except per share amounts):

	Three Months Ended
	January 1, 2023								December 26, 2021
	Net Loss			Shares		Per-Share Amount			Net Income		Shares		Per-Share Amount
Basic (Loss) Earnings Per Share	$	(1,839	)		3,927	$	(0.47	)	$	3,391		3,866	$	0.88
Stock Option and Restricted    Stock Awards		—			—					—		42
Diluted (Loss) Earnings Per Share	$	(1,839	)		3,927	$	(0.47	)	$	3,391		3,908	$	0.87

	Six Months Ended
	January 1, 2023								December 26, 2021
	Net Loss			Shares		Per-Share Amount			Net Income		Shares		Per-Share Amount
Basic (Loss) Earnings Per Share	$	(1,714	)		3,913	$	(0.44	)	$	3,489		3,848	$	0.91
Stock Option and Restricted    Stock Awards		—			—					—		53
Diluted (Loss) Earnings Per Share	$	(1,714	)		3,913	$	(0.44	)	$	3,489		3,901	$	0.89

The calculation of (loss) earnings per share excluded 125,871 share-based payment awards as of January 1, 2023 and 9,010 share-based payment awards as of December 26, 2021 because their inclusion would have been anti-dilutive.