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Earnings per Share (EPS)
 9 Months Ended
Mar. 29, 2020
Earnings per Share (EPS) [Abstract]  
Earnings per Share (EPS)
(7)
Earnings per Share (EPS)

The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts).

(In thousands, except per share amounts)
            
  
Three Months Ended
  
Nine Months Ended
 
  
March 29,
2020
  
March 24,
2019
  
March 29,
2020
  
March 24,
2019
 
Net income (loss) available to common stockholders
 
$
(4,515
)
 
$
(263
)
 
$
(4,264
)
 
$
77
 
Interest saved on convertible notes at 4%
 
$
16
  
$
16
  
$
48
  
$
47
 
Adjusted net income (loss)
 
$
(4,499
)
 
$
(247
)
 
$
(4,216
)
 
$
124
 
                 
BASIC:
                
Weighted average common shares
  
15,133
   
15,071
   
15,123
   
15,069
 
                 
Net income per common share
 
$
(0.30
)
 
$
(0.02
)
 
$
(0.28
)
 
$
0.01
 
                 
DILUTED:
                
Weighted average common shares
  
15,133
   
15,071
   
15,123
   
15,069
 
Convertible notes
  
-
   
-
   
-
   
833
 
Dilutive stock options
  
-
   
-
   
-
   
-
 
Weighted average common shares outstanding
  
15,133
   
15,071
   
15,123
   
15,902
 
                 
Net income per common share
 
$
(0.30
)
 
$
(0.02
)
 
$
(0.28
)
 
$
0.01
 

For the three and nine months ended March 29, 2020, options to purchase 216,550 shares of common stock at exercise prices from $2.71 to $13.11 were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.

For the three and nine months ended March 24, 2019, options to purchase 288,056 shares of common stock at exercise prices ranging from $1.55 to $13.11 were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.