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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Jun. 26, 2022
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 26, 2022 |  |  | June 27, 2021 |
Net income available to common shareholders |  | $ | 8,022 |  |  | $ | 1,520 |
Interest saved on convertible notes at 4% |  | $ | 40 |  |  | $ | 64 |
Adjusted net income |  | $ | 8,062 |  |  | $ | 1,584 |
BASIC: |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 17,993 |  |  |  | 17,307 |
Net income/(loss) per common share |  | $ | 0.45 |  |  | $ | 0.09 |
DILUTED: |  |  |  |  |  |  |  |
Weighted average common shares |  |  | 17,993 |  |  |  | 17,307 |
Convertible notes |  |  | — |  |  |  | 798 |
Weighted average common shares outstanding |  |  | 17,993 |  |  |  | 18,105 |
Income from continuing operations per common share |  | $ | 0.45 |  |  | $ | 0.09 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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