Earnings (Loss) Per Share

9 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Basic earnings (loss) per share is computed on the basis of the weighted average number of shares of common stock outstanding during the applicable period. Diluted earnings per share is computed on the basis of the weighted average number of shares of common stock plus the potential dilutive common shares outstanding during the applicable period using the treasury stock method. Potential dilutive common shares include outstanding stock options and unvested restricted stock awards.

A reconciliation of the components of the basic and diluted per-share computations follows (in thousands, except per share amounts):

	Three Months Ended
	March 31, 2024						April 2, 2023
	Net Income		Shares		Per-Share Amount		Net Loss			Shares		Per-Share Amount
Basic earnings (loss) per share	$	1,506		3,988	$	0.38	$	(2,256	)		3,928	$	(0.57	)
Stock option and restricted    stock awards		—		29				—			—
Diluted earnings (loss) per share	$	1,506		4,017	$	0.37	$	(2,256	)		3,928	$	(0.57	)

	Nine Months Ended
	March 31, 2024						April 2, 2023
	Net Income		Shares		Per-Share Amount		Net Loss			Shares		Per-Share Amount
Basic earnings (loss) per share	$	6,693		3,971	$	1.69	$	(3,970	)		3,918	$	(1.01	)
Stock option and restricted    stock awards		—		25				—			—
Diluted earnings (loss) per share	$	6,693		3,996	$	1.67	$	(3,970	)		3,918	$	(1.01	)

The calculation of earnings (loss) per share excluded 8,270 share-based payment awards as of March 31, 2024 and 125,871 share-based payment awards as of April 2, 2023 because their inclusion would have been anti-dilutive.