Earnings Per Share

9 Months Ended

Mar. 27, 2022

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 27, 2022						March 28, 2021
	Net Income		Shares		Per-Share Amount		Net Income		Shares		Per-Share Amount
Basic Earnings Per Share	$	3,146		3,871	$	0.81	$	4,485		3,797	$	1.18
Stock Option and Restricted Stock Awards		—		45				—		89
Diluted Earnings Per Share	$	3,146		3,916	$	0.80	$	4,485		3,886	$	1.15

	Nine Months Ended
	March 27, 2022						March 28, 2021
	Net Income		Shares		Per-Share Amount		Net Income		Shares		Per-Share Amount
Basic Earnings Per Share	$	6,641		3,856	$	1.72	$	19,606		3,783	$	5.18
Stock Option and Restricted Stock Awards		—		50				—		56
Diluted Earnings Per Share	$	6,641		3,906	$	1.70	$	19,606		3,839	$	5.11

The calculation of earnings per share excluded 9,010 share-based payment awards as of both March 27, 2022 and March 28, 2021 because their inclusion would have been anti-dilutive.