Note 19 - Earnings Per Share

12 Months Ended

Nov. 24, 2012

Earnings Per Share [Text Block]

19. Earnings Per Share

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

	2012		2011		2010
Numerator:
Net income (loss)	$	26,713	$	55,342	$	(2,002	)
Denominator:
Denominator for basic income (loss) per share - weighted average shares		10,992,017		11,437,291		11,459,257
Effect of dilutive securities		103,394		106,879		-
Denominator for diluted income (loss) per share — weighted average shares and assumed conversions		11,095,411		11,544,170		11,459,257
Basic income (loss) per share:
Net income (loss) per share — basic	$	2.43	$	4.84	$	(0.17	)
Diluted income (loss) per share:
Net income (loss) per share — diluted	$	2.41	$	4.79	$	(0.17	)

Options to purchase 622,500, 924,464 and 1,009,514  shares of common stock in fiscal 2012, 2011, and 2010, 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.