Net Earnings per Common Share

9 Months Ended

Mar. 29, 2014

Earnings Per Share [Abstract]

Net Earnings per Common Share

Net Earnings per Common Share

Basic net earnings per common share are based on the weighted-average number of common shares outstanding during each reporting period. Diluted net earnings per common share is based on the weighted-average number of common shares outstanding during each reporting period, plus, when their effect is dilutive, potential common shares consisting of common shares underlying certain unexercised stock options and unvested time-based and performance-based RSUs.

The following table presents a reconciliation of the denominator used for each period in computing basic and diluted earnings per common share, with common shares in the table represented in thousands:

	Third Quarter				Nine-month period
	Fiscal 2014		Fiscal 2013		Fiscal 2014		Fiscal 2013
Numerator:
Net earnings	$	2,561	$	1,541	$	13,438	$	12,975
Denominator:
Weighted-average common shares outstanding	11,450		11,377		11,443		11,344
Effect of dilutive securities: stock options and RSUs	104		155		118		166
Weighted-average common shares outstanding, assuming dilution	11,554		11,532		11,561		11,510
Basic net earnings per common share	$	0.22	$	0.14	$	1.17	$	1.14
Diluted net earnings per common share	$	0.22	$	0.13	$	1.16	$	1.13

The Company did not exclude any stock options from the calculation of diluted net earnings per common share for the third quarter or the nine-month period of fiscal 2014 or the third quarter or the nine-month period of fiscal 2013.