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Earnings Per Common Share
 6 Months Ended
Dec. 26, 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 Twenty-six Weeks
Ended		  
     December 26,
2013		      December 27,
2012		      December 26,
2013		      December 27,
2012		  

Weighted average number of shares outstanding – basic

      11,016,373         10,838,037         10,988,555         10,817,359   

Effect of dilutive securities:

      

Stock options and restricted stock units

      79,898         103,205         108,068         131,316   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted average number of shares outstanding – diluted

      11,096,271         10,941,242         11,096,623         10,948,675   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

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

 

     For the Quarter Ended      For the Twenty-six Weeks
Ended		  
     December 26,
2013		      December 27,
2012		      December 26,
2013		      December 27,
2012		  

Weighted average number of anti-dilutive shares:

      56,860         100,250         30,305         79,750   

Weighted average exercise price:

    $ 25.32       $ 17.76       $ 25.36       $ 18.09