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Net Income (Loss) Per Share of Common Stock
3 Months Ended
Sep. 27, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share of Common Stock
Net Income (Loss) Per Share of Common Stock
Net income (loss) per share is computed using the two-class method, by dividing net income attributable to us by the weighted-average number of shares of our outstanding common stock and participating securities outstanding. Our restricted shares contain rights to receive non-forfeitable dividends and therefore are considered to be participating securities and included in the calculations of net income per basic and diluted common share. Undistributed losses are not allocated to unvested restricted shares as the unvested restricted shares are not contractually obligated to share our losses. The impact on earnings per share of the participating securities under the two-class method was immaterial.
The following table presents the computation of basic and diluted net income (loss) per share attributable to our common stockholders:
 
Three Months Ended
(In thousands, except per share amounts)
September 27,
2019
 
September 28,
2018
Numerator:
 
 
 
Net income (loss)
$
54

 
$
(750
)
 
 
 
 
Denominator:
 
 
 
Weighted-average shares outstanding, basic
5,347

 
5,366

Effect of potentially dilutive equivalent shares
183

 

Weighted-average shares outstanding, diluted
5,530

 
5,366

 
 
 
 
Net income (loss) per share of common stock outstanding:
 
 
 
Basic
$
0.01


$
(0.14
)
Diluted
$
0.01


$
(0.14
)

The following table summarizes the weighted-average equity awards that were excluded from the diluted net income (loss) per share calculations since they were anti-dilutive:
 
Three Months Ended
(In thousands)
September 27,
2019
 
September 28,
2018
Stock options
378

 
364

Restricted stock units and performance stock units
35

 
420

Total shares of common stock excluded
413

 
784