v3.25.1
Earnings per Share (EPS)
9 Months Ended
Mar. 30, 2025
Earnings per Share (EPS) [Abstract]  
Earnings per Share (EPS)
Note F - Earnings per Share (EPS)
 
The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts):
 
  
Three Months Ended
 
Nine Months Ended
  
March 30, 2025
 
March 24, 2024
 
March 30, 2025
 
March 24, 2024
Net income available to common shareholders
 $722  $654  $1,855  $1,593 
                 
BASIC:
                
Weighted average common shares
  14,508   14,587   14,595   14,395 
                 
Net income per common share
 $0.05  $0.04  $0.13  $0.11 
                 
DILUTED:
                
Weighted average common shares
  14,508   14,587   14,595   14,395 
Dilutive stock options and restricted stock units
  24   150   23   151 
Weighted average common shares outstanding
  14,532   14,737   14,618   14,546 
                 
Net income per common share
 $0.05  $0.04  $0.13  $0.11 
 
For the three and nine months ended March 30, 2025, exercisable options to purchase 74,286 shares of common stock at exercise prices from $3.95 to $13.11 were excluded from the computation of diluted EPS because they had an intrinsic value of zero. For the three and nine months ended March 30, 2025, 247,328 and 247,328 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.
 
For the three and nine months ended March 24, 2024, exercisable options to purchase 103,086 shares of common stock at exercise prices from $3.95 to $13.11 were excluded from the computation of diluted EPS because they had an intrinsic value of zero. For the three and nine months ended March 24, 2024, 65,625 and 156,250 RSUs were excluded from the computation of diluted EPS because performance criteria is not probable at period end, respectively.