Earnings per Share (EPS)

9 Months Ended

Mar. 29, 2026

Note E - 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 29, 2026		March 30, 2025		March 29, 2026		March 30, 2025

Net income available to common shareholders	$	800	$	722	$	2,082	$	1,855

BASIC:
Weighted average common shares		14,212		14,508		14,212		14,595

Net income per common share	$	0.06	$	0.05	$	0.15	$	0.13

DILUTED:
Weighted average common shares		14,212		14,508		14,212		14,595
Dilutive stock options and restricted stock units		86		24		86		23
Weighted average common shares outstanding		14,298		14,532		14,298		14,618

Net income per common share	$	0.06	$	0.05	$	0.15	$	0.13

For the three and nine months ended March 29, 2026, exercisable options to purchase 50,000 shares of common stock at exercise price $3.95 were excluded from the computation of diluted EPS because they had an intrinsic value of zero. For the three and nine months ended March 29, 2026, 277,400 and 277,400 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 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.