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Earnings Per Share
 3 Months Ended
Oct. 02, 2022
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

 

 

 

 

October 2,

2022

 

 

September 26,

2021

 

 

 

 

Net Income

 

 

Shares

 

 

Per-Share Amount

 

 

Net Income

 

 

Shares

 

 

Per-Share Amount

 

 

Basic Earnings Per Share

 

$

128

 

 

 

3,899

 

 

$

0.03

 

 

$

101

 

 

 

3,830

 

 

$

0.03

 

 

Stock Option and Restricted

   Stock Awards

 

 

—

 

 

 

30

 

 

 

 

 

 

 

—

 

 

 

63

 

 

 

 

 

 

Diluted Earnings Per Share

 

$

128

 

 

 

3,929

 

 

$

0.03

 

 

$

101

 

 

 

3,893

 

 

$

0.03

 

 

 

The calculation of earnings per share excluded 36,921 share-based payment awards as of October 2, 2022 and 9,010 share-based payment awards as of September 26, 2021 because their inclusion would have been anti-dilutive.