EARNINGS PER SHARE

12 Months Ended

Jun. 28, 2026

NOTE I - EARNINGS PER SHARE:

The Company computes and presents earnings per share (“EPS”) in accordance with ASC 260 Earnings Per Share. Basic EPS excludes the effect of potentially dilutive securities while diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised, converted or resulted in the issuance of common stock that then shared in the earnings of the Company.

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):


	Fiscal Year Ended
	June 28, 2025			June 29, 2025		June 30, 2024
Net income available to common shareholders	$	2,878	$	2,702	$	2,473

BASIC:
Weighted average common shares		14,212		14,499		14,446

Net income per common share	$	0.20	$	0.19	$	0.17

DILUTED:
Weighted average common shares		14,212		14,499		14,446
Dilutive stock options and restricted stock units		92		62		184
Weighted average common shares outstanding		14,304		14,561		14,630

Net income per common share	$	0.20	$	0.19	$	0.17

We had zero, 91,592, and 94,769 shares of common stock potentially issuable upon exercise of employee stock options for years ended June 28, 2026, June 29, 2025, and June 30, 2024, respectively, which were excluded from the weighted average number of shares outstanding on a diluted basis because they had an intrinsic value of zero. These options expire in fiscal 2032. We had 277,400, 142,328, and 105,000 restricted stock units for years ended June 28, 2026, June 29, 2025, and June 30, 2024, respectively, which were excluded from the weighted average number of shares outstanding on a diluted basis because the performance criteria had not been met and vesting was not probable.