XML 18 R8.htm IDEA: XBRL DOCUMENT
v3.23.1

Note 2 - Net Income (Loss) Per Common Share | 9 Months Ended
--- | ---
Apr. 02, 2023
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 2 – Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed by dividing the net income (loss) during the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per common share is computed by dividing the net income (loss) during the period by the sum of the weighted-average number of common shares outstanding during the period and the potentially dilutive common shares (consisting of employee stock options and unvested restricted stock awards). The following table sets forth the computation of basic and diluted net income (loss) per common share:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | April 2, 2023 |  |  | March 27, 2022 |  |  | April 2, 2023 |  |  | March 27, 2022 |
|  | (in thousands, except per share data) |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (70,993 | ) |  | $ | (23,409 | ) |  | $ | (22,155 | ) |  | $ | 51,860 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 64,767 |  |  |  | 65,028 |  |  |  | 64,660 |  |  |  | 65,086 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee stock options |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 63 |
Employee restricted stock awards |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 700 |
|  |  | - |  |  |  | - |  |  |  | - |  |  |  | 763 |
Adjusted weighted-average shares and assumed conversions |  |  | 64,767 |  |  |  | 65,028 |  |  |  | 64,660 |  |  |  | 65,849 |
Net income (loss) per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (1.10 | ) |  | $ | (0.36 | ) |  | $ | (0.34 | ) |  | $ | 0.80 |
Diluted |  | $ | (1.10 | ) |  | $ | (0.36 | ) |  | $ | (0.34 | ) |  | $ | 0.79 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration