Earnings Per Common Share

9 Months Ended

Mar. 26, 2020

Note 7 – Earnings Per Common Share

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 26, 2020		March 28, 2019		March 26, 2020		March 28, 2019
Weighted average number of shares outstanding – basic		11,475,874		11,444,560		11,459,653		11,425,378
Effect of dilutive securities:
Stock options and restricted stock units		63,767		64,333		75,015		68,040

Weighted average number of shares outstanding – diluted		11,539,641		11,508,893		11,534,668		11,493,418

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 Thirty-Nine Weeks Ended
	March 26, 2020		March 28, 2019		March 26, 2020		March 28, 2019
Weighted average number of anti-dilutive awards:		28,040		—		9,347		—
Weighted average exercise price per award:	$	90.26	$	—	$	90.26	$	—