EARNINGS PER SHARE

12 Months Ended

Jun. 29, 2013

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE

Basic earnings per share (EPS) is calculated by dividing net income (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Diluted EPS is computed by including both the weighted-average number of shares outstanding and any dilutive common share equivalents in the denominator. The following table presents a reconciliation of the denominator and the number of antidilutive common share awards that were not included in the diluted earnings per share calculation. These antidilutive securities occur when equity awards outstanding have an option price greater than the average market price for the period:

	Years Ended (in thousands, except per share information)
	June 29, 2013		June 30, 2012		July 2, 2011
Net income	$	12,583	$	11,626	$	5,736
Weighted average shares outstanding– basic	10,490		10,447		10,344
Effect of dilutive common stock options	407		162		63
Weighted average shares outstanding – diluted	10,897		10,609		10,407
Earnings per share – basic	$	1.20	$	1.11	$	0.55
Earnings per share – diluted	$	1.15	$	1.10	$	0.55
Antidilutive options not included in diluted earnings per share	—		—		541