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Earnings Per Common Share
 6 Months Ended
Dec. 29, 2011
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

Note 7 — Earnings Per Common Share

Earnings per common share is calculated using the weighted average number of shares of Common Stock and Class A Common Stock outstanding during the period. The following table presents the reconciliation of the weighted average number of shares outstanding used in computing earnings per share:

 

                                 
    For the Quarter Ended     For the Twenty-six Weeks
Ended		  
    December 29,
2011		     December 23,
2010		     December 29,
2011		     December 23,
2010		  

Weighted average shares outstanding — basic

     10,711,430       10,667,302       10,697,039       10,662,387  

Effect of dilutive securities:

                                

Stock options and restricted stock units

     65,180       99,245       78,239       103,765  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average shares outstanding — diluted

     10,776,610       10,766,547       10,775,278       10,766,152  
   

 

 

    

 

 

    

 

 

    

 

 

  

152,000 anti-dilutive stock options with a weighted average exercise price of $15.33 were excluded from the computation of diluted earnings per share for the quarter ended December 29, 2011. 110,125 anti-dilutive stock options with a weighted average exercise price of $17.54 were excluded from the computation of diluted earnings per share for the quarter ended December 23, 2010. 153,813 weighted average anti-dilutive stock options with a weighted average exercise price of $15.34 were excluded from the computation of diluted earnings per share for the twenty-six weeks ended December 29, 2011. 112,625 weighted average anti-dilutive stock options with a weighted average exercise price of $17.52 were excluded from the computation of diluted earnings per share for the twenty-six weeks ended December 23, 2010.