Note 18 - Computation of Earnings Per Share

3 Months Ended

Sep. 25, 2011

Earnings Per Share [Text Block]

18. Computation of Earnings Per Share

The computation of basic and diluted income per share (“EPS”) was as follows:

	For the Three Months Ended
	September 25, 2011		September 26, 2010
Basic EPS:
Net income	$	286	$	10,235
Weighted average common shares outstanding		20,086		20,057
Basic EPS	$	0.01	$	0.51
Diluted EPS:
Net income	$	286	$	10,235
Weighted average common shares outstanding		20,086		20,057
Net potential common share equivalents – stock options and RSU’s		345		322
Weighted average common shares outstanding		20,431		20,379
Diluted EPS	$	0.01	$	0.50
Excluded from the calculation of common share equivalents:
Anti-dilutive common share equivalents		406		231
Excluded from the calculation of diluted shares:
Unvested options that vest upon achievement of certain market conditions		577		583

The calculation of earnings per common share is based on the weighted average number of the Company’s common shares outstanding for the applicable period.  The calculation of diluted earnings per common share presents the effect of all potential dilutive common shares that were outstanding during the respective period, unless the effect of doing so is anti-dilutive.