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Earnings Per Share (EPS)
 6 Months Ended
Dec. 25, 2011
Earnings Per Share (EPS)  
Earnings Per Share (EPS)

(5)

Earnings per Share (EPS)

 

 

The following table shows the reconciliation of the numerator and denominator of the basic EPS calculation to the numerator and denominator of the diluted EPS calculation (in thousands, except per share amounts).

  

 

 

Three Months Ended

 

 

 

December 25, 2011

 

 

December 26, 2010

 

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

71

 

 

$

71

 

 

$

394

 

 

$

394

 

Discontinued operations

 

 

(15

)

 

 

(15

)

 

 

(15

)

 

 

(15

)

Net income available to common stockholders

 

$

56

 

 

$

56

 

 

$

379

 

 

$

379

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

8,013

 

 

 

8,013

 

 

 

8,011

 

 

 

8,011

 

Dilutive stock options

 

 

349

 

 

 

-

 

 

 

1

 

 

 

-

 

Average common shares outstanding

 

 

8,362

 

 

 

8,013

 

 

 

8,012

 

 

 

8,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.01

 

 

$

0.01

 

 

$

0.05

 

 

$

0.05

 

Discontinued operations loss per common share

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Net income per common share

 

$

0.01

 

 

$

0.01

 

 

$

0.05

 

 

$

0.05

 

 

 

 

Six Months Ended

 

 

 

December 25, 2011

 

 

December 26, 2010

 

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

400

 

 

$

400

 

 

$

539

 

 

$

539

 

Discontinued operations

 

 

(31

)

 

 

(31

)

 

 

(31

)

 

 

(31

)

Net income available to common stockholders

 

$

369

 

 

$

369

 

 

$

508

 

 

$

508

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

8,012

 

 

 

8,012

 

 

 

8,011

 

 

 

8,011

 

Dilutive stock options

 

 

280

 

 

 

-

 

 

 

2

 

 

 

-

 

Average common shares outstanding

 

 

8,292

 

 

 

8,012

 

 

 

8,013

 

 

 

8,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.05

 

 

$

0.05

 

 

$

0.07

 

 

$

0.07

 

Discontinued operations loss per common share

 

 

-

 

 

 

-

 

 

 

(0.01

)

 

 

(0.01

)

Net income per common share

 

$

0.05

 

 

$

0.05

 

 

$

0.06

 

 

$

0.06

 

 

For the three and six months ended December 26, 2010, options to purchase 565,506 shares of common stock at exercise prices ranging from $1.85 to $3.30 per share were not included in the computation of diluted EPS because the options’ exercise prices were greater than the average market price of the common shares for the period.