XML 28 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share
 9 Months Ended
Mar. 25, 2012
Earnings Per Share  
Earnings Per Share [Text Block]

(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

 

 

 

March 25, 2012

 

 

March 27, 2011

 

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

67

 

 

$

67

 

 

$

457

 

 

$

457

 

Discontinued operations

 

 

(15

)

 

 

(15

)

 

 

(15

)

 

 

(15

)

Net income available to common stockholders

 

$

52

 

 

$

52

 

 

$

442

 

 

$

442

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

8,021

 

 

 

8,021

 

 

 

8,011

 

 

 

8,011

 

Dilutive stock options

 

 

364

 

 

 

-

 

 

 

5

 

 

 

-

 

Average common shares outstanding

 

 

8,385

 

 

 

8,021

 

 

 

8,016

 

 

 

8,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.01

 

 

$

0.01

 

 

$

0.06

 

 

$

0.06

 

Discontinued operations loss per common share

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Net income per common share

 

$

0.01

 

 

$

0.01

 

 

$

0.06

 

 

$

0.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

March 25, 2012

 

 

March 27, 2011

 

 

 

Diluted

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations

 

$

466

 

 

$

466

 

 

$

997

 

 

$

997

 

Discontinued operations

 

 

(45

)

 

 

(45

)

 

 

(47

)

 

 

(47

)

Net income available to common stockholders

 

$

421

 

 

$

421

 

 

$

950

 

 

$

950

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

8,015

 

 

 

8,015

 

 

 

8,011

 

 

 

8,011

 

Dilutive stock options

 

 

307

 

 

 

-

 

 

 

2

 

 

 

-

 

Average common shares outstanding

 

 

8,322

 

 

 

8,015

 

 

 

8,013

 

 

 

8,011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations per share

 

$

0.06

 

 

$

0.06

 

 

$

0.13

 

 

$

0.13

 

Discontinued operations loss per common share

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.01

)

 

 

(0.01

)

Net income per common share

 

$

0.05

 

 

$

0.05

 

 

$

0.12

 

 

$

0.12

 

 
 
 
For the three and nine months ended March 25, 2012, options to purchase 75,000 shares of common stock at an exercise price of $5.51 were excluded from the computation of diluted EPS because the options’ exercise price exceeded the average market price of the common shares for the periods. For the three and nine months ended March 27, 2011, options to purchase 425,000 shares of common stock at exercise prices ranging from $2.00 to $3.17 were excluded from the computation of diluted EPS because the options’ exercise prices exceeded the average market price of the common shares for the periods.