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Earnings Per Common Share
 9 Months Ended
Mar. 28, 2013
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note 6 — Earnings Per Common Share

Basic earnings per common share are calculated using the weighted average number of shares of Common Stock and Class A Common Stock outstanding during the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue Common Stock (i) were exercised or converted into Common Stock or (ii) resulted in the issuance of Common Stock. The following table presents the reconciliation of the weighted average shares outstanding used in computing basic and diluted earnings per share:  

     For the Quarter Ended      For the Thirty-nine Weeks
Ended		  
     March 28,
2013		      March 29,
2012		      March 28,
2013		      March 29,
2012		  

Weighted average number of shares outstanding – basic

      10,898,304         10,742,881         10,844,341         10,712,319   

Effect of dilutive securities:

            

Stock options and restricted stock units

      126,434         114,525         129,688         90,334   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of shares outstanding – diluted

      11,024,738         10,857,406         10,974,029         10,802,653   
  

 

 

     

 

 

     

 

 

     

 

 

  

The following table presents a summary of anti-dilutive stock options excluded from the computation of diluted earnings per share:  

     For the Quarter Ended      For the Thirty-nine  Weeks
Ended		  
     March 28,
2013		      March 29,
2012		      March 28,
2013		      March 29,
2012		  

Weighted average number of anti-dilutive shares:

      2,250         109,625         53,917         139,083   

Weighted average exercise price:

    $ 32.30       $ 17.43       $ 18.29       $ 15.89