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Earnings Per Common Share (Tables)

9 Months Ended

Mar. 25, 2021

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 25, 2021				March 26, 2020				March 25, 2021				March 26, 2020
Weighted average number of shares outstanding – basic			11,515,465				11,475,874				11,495,504				11,459,653
Effect of dilutive securities:
Stock options and restricted stock units			58,552				63,767				57,206				75,015
Weighted average number of shares outstanding – diluted			11,574,017				11,539,641				11,552,710				11,534,668

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 25, 2021				March 26, 2020				March 25, 2021				March 26, 2020
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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