XML 64 R18.htm IDEA: XBRL DOCUMENT
v3.20.2

EARNINGS PER SHARE | 12 Months Ended
--- | ---
Jun. 28, 2020
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | NOTE L - 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 28, 2020 |  |  | June 30, 2019 |
Loss from continuing operations |  | $ | (4,233 | ) |  | $ | (750 | )
Interest saved on convertible notes at 4% |  | $ | 65 |  |  | $ | 63 |
Adjusted net loss |  | $ | (4,168 | ) |  | $ | (687 | )
BASIC: |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 15,144 |  |  |  | 15,070 |
Net income/(loss) per common share |  | $ | (0.28 | ) |  | $ | (0.05 | )
DILUTED: |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 15,144 |  |  |  | 15,070 |
Convertible notes |  |  | — |  |  |  | — |
Dilutive stock options |  |  | — |  |  |  | — |
Weighted average common shares outstanding |  |  | 15,144 |  |  |  | 15,070 |
Income/(loss) from continuing operations per common share |  | $ | (0.28 | ) |  | $ | (0.05 | )
We had 206,750 and 261,550 shares of common stock potentially issuable upon exercise of employee stock options for years ended June 28, 2020 and June 30, 2019, respectively, that were excluded from the weighted average number of shares outstanding on a diluted basis because the effect of such options would be anti-dilutive. These instruments expire at varying times from fiscal 2020 through fiscal 2026.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration