Earnings Per Share

3 Months Ended

Sep. 27, 2020

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Basic earnings 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
	September 27, 2020						September 29, 2019
	Net Income		Shares		Per-Share Amount		Net Income		Shares		Per-Share Amount
Basic Earnings Per Share	$	8,008		3,765	$	2.13	$	1,244		3,710	$	0.34
Stock Option and Restricted    Stock Awards		—		23				—		18
Diluted Earnings Per Share	$	8,008		3,788	$	2.11	$	1,244		3,728	$	0.33

The calculation of earnings per share excluded 90,860 share-based payment awards for both of the quarters ended September 27, 2020 and September 29, 2019 because their inclusion would have been anti-dilutive.