Earnings Per Share

9 Months Ended

Mar. 28, 2021

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
	March 28, 2021						March 29, 2020
	Net Income		Shares		Per-Share Amount		Net Income		Shares		Per-Share Amount
Basic Earnings Per Share	$	4,485		3,797	$	1.18	$	2,994		3,748	$	0.80
Stock Option and Restricted Stock Awards		—		89				—		20
Diluted Earnings Per Share	$	4,485		3,886	$	1.15	$	2,994		3,768	$	0.79

	Nine Months Ended
	March 28, 2021						March 29, 2020
	Net Income		Shares		Per-Share Amount		Net Income		Shares		Per-Share Amount
Basic Earnings Per Share	$	19,606		3,783	$	5.18	$	2,897		3,733	$	0.78
Stock Option and Restricted Stock Awards		—		56				—		19
Diluted Earnings Per Share	$	19,606		3,839	$	5.11	$	2,897		3,752	$	0.77

The calculation of earnings per share excluded 9,010 and 111,060 share-based payment awards as of March 28, 2021 and March 29, 2020, respectively, because their inclusion would have been anti-dilutive.