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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Jun. 30, 2019
EARNINGS PER SHARE [Abstract] |
Earnings per Share Basic and Diluted | 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 30, 2019 |  |  | June 24, 2018 |
Income/(loss) from continuing operations |  | $ | (750 | ) |  | $ | 2,274 |
Loss from discontinued operations |  |  | - |  |  |  | (362 | )
Net income/(loss) available to common stockholders |  | $ | (750 | ) |  | $ | 1,912 |
Interest saved on convertible notes of $1,584 at 4% |  | $ | 63 |  |  | $ | 90 |
Adjusted net income/(loss) |  | $ | (687 | ) |  | $ | 2,002 |
BASIC: |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 15,070 |  |  |  | 13,854 |
Income/(loss) from continuing operations per common share |  | $ | (0.05 | ) |  | $ | 0.17 |
Loss from discontinued operations per common share |  |  | - |  |  |  | (0.03 | )
Net income/(loss) per common share |  | $ | (0.05 | ) |  | $ | 0.14 |
DILUTED: |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 15,070 |  |  |  | 13,854 |
Convertible notes |  |  | - |  |  |  | 1,129 |
Dilutive stock options |  |  | - |  |  |  | - |
Weighted average common shares outstanding |  |  | 15,070 |  |  |  | 14,983 |
Income/(loss) from continuing operations per common share |  | $ | (0.05 | ) |  | $ | 0.16 |
Loss from discontinued operations per common share |  |  | - |  |  |  | (0.03 | )
Net income/(loss) per common share |  | $ | (0.05 | ) |  | $ | 0.13 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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