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EARNINGS PER SHARE (Tables) | 12 Months Ended
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Jul. 02, 2022
Earnings Per Share [Abstract] |
Reconciliation of Denominator and Number of Antidilutive Common Share Awards not Included in Diluted Earnings Per Share Calculation | 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 2, 2022 |  | July 3, 2021 |  | June 27, 2020
Net income | $ | 3,377 |  |  | $ | 4,341 |  |  | $ | 4,758 |
Weighted average shares outstanding– basic | 10,762 |  |  | 10,760 |  |  | 10,760 |
Effect of dilutive common stock awards | 301 |  |  | 286 |  |  | 56 |
Weighted average shares outstanding – diluted | 11,063 |  |  | 11,046 |  |  | 10,816 |
Net income per share – basic | $ | 0.31 |  |  | $ | 0.40 |  |  | $ | 0.44 |
Net income per share – diluted | $ | 0.31 |  |  | $ | 0.39 |  |  | $ | 0.44 |
Antidilutive SARs not included in diluted earnings per share | 619 |  |  | 314 |  |  | 720 |

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + 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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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