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Note 2 - Net Income (Loss) Per Common Share

9 Months Ended

Mar. 31, 2024

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 reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

The following table sets forth the computation of basic and diluted net income (loss) per common share:

		Three Months Ended								Nine Months Ended
		March 31,				April 2,				March 31,				April 2,
		2024				2023				2024				2023
		(in thousands, except per share data)
Numerator:
Net income (loss)		$	(16,903	)		$	(70,993	)		$	14,762			$	(22,155	)
Denominator:
Weighted average shares outstanding			64,489				64,767				64,703				64,660
Effect of dilutive stock options and unvested restricted stock awards			-				-				354				-
Diluted weighted-average shares outstanding			64,489				64,767				65,057				64,660
Net income (loss) per common share
Basic		$	(0.26	)		$	(1.10	)		$	0.23			$	(0.34	)
Diluted		$	(0.26	)		$	(1.10	)		$	0.23			$	(0.34	)

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- References

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- 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

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