Note 19 - Earnings Per Share

12 Months Ended

Nov. 26, 2011

Earnings Per Share [Text Block]

19. Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share:

	2011		2010			2009
Numerator:
Net income (loss)	$	55,342	$	(2,002	)	$	(22,699	)
Denominator:
Denominator for basic income (loss) per share - weighted average shares		11,437,291		11,459,257			11,395,789
Effect of dilutive securities		106,879		-			-
Denominator for diluted income (loss) per share — weighted average shares and assumed conversions		11,544,170		11,459,257			11,395,789
Basic income (loss) per share:
Net income (loss) per share — basic	$	4.84	$	(0.17	)	$	(1.99	)
Diluted income (loss) per share:
Net income (loss) per share — diluted	$	4.79	$	(0.17	)	$	(1.99	)

Options to purchase 924,464, 1,009,514 and 1,047,638 shares of common stock in fiscal 2011, 2010, and 2009, respectively, were not included in the computation of diluted earnings per share because the effect of including the options in the computation would have been anti-dilutive.