Note 9 - Earnings Per Share

9 Months Ended

Aug. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

9. Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended August 31, 2013:
Basic earnings per share	$	556		10,742,625	$	0.05
Add effect of dilutive securities:
Options and restricted shares		-		163,204		-
Diluted earnings per share	$	556		10,905,829	$	0.05
For the quarter ended August 25, 2012:
Basic earnings per share	$	2,371		10,945,784	$	0.22
Add effect of dilutive securities:
Options and restricted shares		-		123,835		(0.01	)
Diluted earnings per share	$	2,371		11,069,619	$	0.21
For the nine months ended August 31, 2013:
Basic earnings per share	$	3,489		10,717,506	$	0.33
Add effect of dilutive securities:
Options and restricted shares		-		161,679		(0.01	)
Diluted earnings per share	$	3,489		10,879,185	$	0.32
For the nine months ended August 25, 2012:
Basic earnings per share	$	9,817		11,074,265	$	0.89
Add effect of dilutive securities:
Options and restricted shares		-		97,727		(0.01	)
Diluted earnings per share	$	9,817		11,171,992	$	0.88

For the three and nine months ended August 31, 2013 and August 25, 2012, the following potentially dilutive shares were excluded from the computation as their effect was anti-dilutive:

	Quarter Ended				Nine Months Ended
	August 31, 2013		August 25, 2012		August 31, 2013		August 25, 2012
Stock options		415,000		472,500		472,500		713,500
Unvested restricted shares		70,000		1,398		81,295		12,582
Total anti-dilutive shares		485,000		473,898		553,795		726,082