Earnings per Share (EPS)

6 Months Ended

Dec. 27, 2020

Earnings per Share (EPS) [Abstract]

Earnings per Share (EPS)

Note F - 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				Six Months Ended
	December 27, 2020		December 29, 2019		December 27, 2020		December 29, 2019
Net income available to common stockholders	$	102	$	14	$	178	$	251
BASIC:
Weighted average common shares		17,712		15,129		16,596		15,106
Net income per common share	$	0.01	$	0.00	$	0.01	$	0.02
DILUTED:
Weighted average common shares		17,712		15,129		16,596		15,106
Convertible notes		798		800		798		815
Dilutive stock options		—		1		—		3
Weighted average common shares outstanding		18,510		15,930		17,394		15,924
Net income per common share	$	0.01	$	0.00	$	0.01	$	0.02

For the three and six months ended December 27, 2020, options to purchase 206,750 shares of common stock at exercise prices from $2.71 to $13.11 were excluded from the computation of diluted EPS because they were not in-the-money.

For the three and six months ended December 29, 2019, options to purchase 216,550 shares of common stock at exercise prices ranging from $2.71 to $13.11 were excluded from the computation of diluted EPS because they were not in-the-money.