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Earnings Per Share
3 Months Ended
Oct. 01, 2011
Earnings Per Share [Abstract] 
Earnings Per Share

6. Earnings Per Share

Basic earnings per share (EPS) is calculated by dividing net income (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Diluted EPS is computed by including both the weighted-average number of shares outstanding and any dilutive common share equivalents in the denominator. The following table presents a reconciliation of the denominator and the number of antidilutive common share awards that were not included in the diluted earnings per share calculation. These antidilutive securities occur when equity awards outstanding have an option price greater than the average market price for the period:

 

     Three Months Ended  
     (in thousands, except per share information)  
     October 1, 2011      October 2, 2010  

Net income

    $ 1,247       $ 1,742   

Weighted average shares outstanding - basic

      10,418         10,296   

Effect of dilutive common stock options

      28         107   
  

 

 

     

 

 

  

Weighted average shares outstanding - diluted

      10,446         10,403   
  

 

 

     

 

 

  

Earnings per share - basic

    $ 0.12       $ 0.17   

Earnings per share - diluted

    $ 0.12       $ 0.17   
  

 

 

     

 

 

  

Antidilutive options not included in diluted earnings per share

      707         19