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Note 2 - Net Income (Loss) Per Common Share

6 Months Ended

Dec. 29, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 2 – Net Income (Loss) Per Common Share

Basic net income per common share is computed by dividing the net income during the period by the weighted average number of common shares outstanding during the period. Diluted net income 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 per common share:

		Three Months Ended								Six Months Ended
		December 29,				December 31,				December 29,				December 31,
		2024				2023				2024				2023
		(in thousands, except per share data)
Numerator:
Net income		$	64,348			$	62,907			$	30,158			$	31,665

Denominator:
Weighted average shares outstanding			63,836				64,835				64,017				64,814
Effect of dilutive stock options and unvested restricted stock awards			470				342				484				341

Diluted weighted-average shares outstanding			64,306				65,177				64,501				65,155

Net income per common share
Basic		$	1.01			$	0.97			$	0.47			$	0.49
Diluted		$	1.00			$	0.97			$	0.47			$	0.49