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Computation of Earnings Per Share (Tables)
12 Months Ended
Jun. 27, 2021
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings (Loss) Per Share

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

 

 

 

For the Fiscal Year Ended

 

 

 

June 27, 2021

 

 

June 28, 2020

 

 

June 30, 2019

 

Basic EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

29,073

 

 

$

(57,237

)

 

$

2,456

 

Weighted average common shares outstanding

 

 

18,472

 

 

 

18,475

 

 

 

18,395

 

Basic EPS

 

$

1.57

 

 

$

(3.10

)

 

$

0.13

 

Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

29,073

 

 

$

(57,237

)

 

$

2,456

 

Weighted average common shares outstanding

 

 

18,472

 

 

 

18,475

 

 

 

18,395

 

Net potential common share equivalents

 

 

384

 

 

 

 

 

 

300

 

Adjusted weighted average common shares outstanding

 

 

18,856

 

 

 

18,475

 

 

 

18,695

 

Diluted EPS

 

$

1.54

 

 

$

(3.10

)

 

$

0.13

 

Excluded from the calculation of common share equivalents:

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive common share equivalents

 

 

497

 

 

 

401

 

 

 

314

 

Excluded from the calculation of diluted shares:

 

 

 

 

 

 

 

 

 

 

 

 

Unvested stock options that vest upon achievement of certain

   market conditions

 

 

333

 

 

 

333