Earnings Per Common Share

3 Months Ended

Sep. 26, 2013

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
	September 26, 2013		September 27, 2012
Weighted average number of shares outstanding – basic		10,960,737		10,796,682
Effect of dilutive securities:
Stock options and restricted stock units		136,237		159,426

Weighted average number of shares outstanding – diluted		11,096,974		10,956,108

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


	For the Quarter Ended
	September 26, 2013		September 27, 2012
Weighted average number of anti-dilutive shares		3,750		59,250
Weighted average exercise price	$	26.04	$	18.65

- Definition

The entire disclosure for earnings per share.

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