Earnings per Share (EPS)

6 Months Ended

Dec. 26, 2021

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):

	Three Months Ended				Six Months Ended
	December 26, 2021		December 27, 2020		December 26, 2021		December 27, 2020
Net income available to common stockholders	$	457	$	102	$	742	$	178
BASIC:
Weighted average common shares		18,005		17,712		18,005		16,596
Net income per common share	$	0.03	$	0.01	$	0.04	$	0.01
DILUTED:
Weighted average common shares		18,005		17,712		18,005		16,596
Convertible notes		798		798		798		798
Dilutive stock options		—		—		—		—
Weighted average common shares outstanding		18,803		18,510		18,803		17,394
Net income per common share	$	0.02	$	0.01	$	0.04	$	0.01

For the three and six months ended December 26, 2021, options to purchase 166,750 shares of common stock at exercise prices from $3.11 to $13.11 were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.

For the three and six months ended December 27, 2020, options to purchase 206,750 shares of common stock at exercise prices ranging from $2.71 to $13.11 were excluded from the computation of diluted EPS because their inclusion would have been anti-dilutive.