Earnings per Share (EPS)

6 Months Ended

Dec. 27, 2015

(4)	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						Six Months Ended
	December 27,			December 28,			December 27,			December 28,
	2015			2014			2015			2014
Loss from continuing operations	$	(4,807	)	$	(356	)	$	(5,327	)	$	(594	)
Loss from discontinued operations		(23	)		(43	)		(60	)		(70	)
Net loss available to common stockholders	$	(4,830	)	$	(399	)	$	(5,387	)	$	(664	)

BASIC:
Weighted average common shares		10,314			9,393			10,310			9,392

Loss from continuing operations per common share	$	(0.47	)	$	(0.04	)	$	(0.52	)	$	(0.06	)
Loss from discontinued operations per common share		-			-			-			(0.01	)
Net loss per common share	$	(0.47	)	$	(0.04	)	$	(0.52	)	$	(0.07	)

DILUTED:
Weighted average common shares		10,314			9,393			10,310			9,392
Stock options		456			502			549			513
Weighted average common shares outstanding		10,770			9,895			10,859			9,905


Loss from continuing operations per common share	$	(0.45	)	$	(0.04	)	$	(0.50	)	$	(0.06	)
Loss from discontinued operations per common share		-			-			-			(0.01	)
Net loss per common share	$	(0.45	)	$	(0.04	)	$	(0.50	)	$	(0.07	)

For the three months ended December 27, 2015, options to purchase 24,286 shares of common stock at an exercise price of $13.11, 15,000 shares at $8.16 and 48,500 shares at $8.05 were excluded from the computation of diluted EPS because the options’ exercise price exceeded the average market price of the common shares for the period.