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EARNINGS PER SHARE | 12 Months Ended
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Jul. 03, 2021
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 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:
| Fiscal Year Ended (in thousands, except per share information)
| July 3, 2021 |  | June 27, 2020 |  | June 29, 2019
Net income (loss) | $ | 4,341 |  |  | $ | 4,758 |  |  | $ | (7,982) |
Weighted average shares outstanding– basic | 10,760 |  |  | 10,760 |  |  | 10,760 |
Effect of dilutive common stock awards | 286 |  |  | 56 |  |  | — |
Weighted average shares outstanding – diluted | 11,046 |  |  | 10,816 |  |  | 10,760 |
Net income (loss) per share – basic | $ | 0.40 |  |  | $ | 0.44 |  |  | $ | (0.74) |
Net income (loss) per share – diluted | $ | 0.39 |  |  | $ | 0.44 |  |  | $ | (0.74) |
Antidilutive SARs not included in diluted earnings per share | 314 |  |  | 720 |  |  | 985 |

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- 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
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