v3.25.0.1
EARNINGS PER SHARE AND COMMON STOCK
6 Months Ended
Dec. 29, 2024
Equity [Abstract]  
EARNINGS PER SHARE AND COMMON STOCK
12.
EARNINGS PER SHARE AND COMMON STOCK

The following table sets forth the computation of the Company’s net income (loss) per share:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 29,

 

 

December 31,

 

 

December 29,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Income from continuing operations

 

$

426

 

 

$

8,680

 

 

$

1,442

 

 

$

17,211

 

Income (loss) from discontinued operations, net of tax

 

 

2,322

 

 

 

(2,794

)

 

 

(3,839

)

 

 

(5,130

)

Net income (loss)

 

$

2,748

 

 

$

5,886

 

 

$

(2,397

)

 

$

12,081

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares — basic

 

 

16,454,776

 

 

 

17,010,116

 

 

 

16,499,858

 

 

 

17,083,204

 

Dilutive effect of assumed restricted share awards/units

 

 

88,726

 

 

 

81,517

 

 

 

—

 

 

 

74,920

 

Weighted average outstanding shares — diluted

 

 

16,543,502

 

 

 

17,091,633

 

 

 

16,499,858

 

 

 

17,158,124

 

Basic income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.03

 

 

$

0.51

 

 

$

0.09

 

 

$

1.01

 

Discontinued operations

 

 

0.14

 

 

 

(0.16

)

 

 

(0.24

)

 

 

(0.30

)

Net income (loss)

 

$

0.17

 

 

$

0.35

 

 

$

(0.15

)

 

$

0.71

 

Diluted income (loss) per share

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

 

$

0.03

 

 

$

0.51

 

 

$

0.09

 

 

$

1.00

 

Discontinued operations

 

 

0.14

 

 

 

(0.17

)

 

 

(0.24

)

 

 

(0.30

)

Net income (loss)

 

$

0.17

 

 

$

0.34

 

 

$

(0.15

)

 

$

0.70

 

 

For the three and six months ended December 31, 2023, an immaterial number of shares were excluded from the computation of diluted earnings per share as the effect would have been anti-dilutive.

Share Repurchase Program

On July 24, 2023, the Board of the Company authorized a share repurchase program under which the Company may repurchase up to $50.0 million of its outstanding shares of common stock. The authorization became effective upon the completion of the Company's previously existing $50.0 million stock repurchase authorization on August 9, 2023.

During the three months ended December 29, 2024 and December 31, 2023, the Company repurchased 39,593 shares and 214,219 shares of common stock for $0.7 million and $4.4 million, respectively, in cash, excluding related fees and expenses. During the six months ended December 29, 2024 and December 31, 2023, the Company repurchased 223,222 shares and 455,983 shares of common stock for $4.2 million and $10.2 million, respectively, in cash, excluding related fees and expenses. As of December 29, 2024, $31.2 million remained available under the program.