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EARNINGS PER SHARE
 12 Months Ended
Jun. 26, 2016
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE K - EARNINGS PER SHARE:

 

The Company computes and presents earnings per share ("EPS") in accordance with the authoritative guidance on Earnings Per Share.  Basic EPS excludes the effect of potentially dilutive securities while diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised, converted or resulted in the issuance of common stock that then shared in the earnings of the Company.

 

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).

 

 

 

Fiscal Year Ended

 

 

 

June 26,

 

 

June 28,

 

 

 

2016

 

 

2015

 

Loss from continuing operations

 

$

(8,774

)

 

$

(1,671

)

Discontinued operations

 

 

(112

)

 

 

(168

)

Net loss available to common stockholders

 

$

(8,886

)

 

$

(1,839

)

 

 

 

 

 

 

 

 

 

BASIC:

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

10,317

 

 

 

9,744

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations per common share

 

$

(0.85

)

 

$

(0.17

)

Discontinued operations per common share

 

 

(0.01

)

 

 

(0.02

)

Net loss per common share

 

$

(0.86

)

 

$

(0.19

)

 

 

 

 

 

 

 

 

 

DILUTED:

 

 

 

 

 

 

 

 

Weighted average common shares

 

 

10,317

 

 

 

9,744

 

Stock options

 

 

432

 

 

 

562

 

Weighted average common shares outstanding

 

 

10,749

 

 

 

10,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from continuing operations per common share

 

$

(0.82

)

 

$

(0.16

)

Discontinued operations per common share

 

 

(0.01

)

 

 

(0.02

)

Net loss per common share

 

$

(0.83

)

 

$

(0.18

)