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Earnings Per Common Share (Tables)

9 Months Ended

Mar. 26, 2020

Earnings Per Share [Abstract]

Weighted Average Shares Outstanding Used in Computing Basic and Diluted Earnings Per 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

Summary of Anti-dilutive Awards Excluded from Computation of Diluted Earnings Per Share

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			$	—

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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