Note 9 - Earnings Per Share

6 Months Ended

May 31, 2014

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 May 31, 2014
Basic earnings per share	$	2,551		10,621,707	$	0.24
Add effect of dilutive securities:
Options and restricted shares		-		157,573		-
Diluted earnings per share	$	2,551		10,779,280	$	0.24
For the quarter ended June 1, 2013:
Basic earnings per share	$	1,953		10,712,718	$	0.18
Add effect of dilutive securities:
Options and restricted shares		-		173,131		-
Diluted earnings per share	$	1,953		10,885,849	$	0.18
For the six months ended May 31, 2014:
Basic earnings (loss) per share	$	3,394		10,656,677	$	0.32
Add effect of dilutive securities:
Options and restricted shares		-		151,157		(0.01	)
Diluted earnings per share	$	3,394		10,807,834	$	0.31
For the six months ended June 1, 2013:
Basic earnings per share	$	2,933		10,705,711	$	0.27
Add effect of dilutive securities:
Options and restricted shares				165,820
Diluted earnings per share	$	2,933		10,871,531	$	0.27

For the three and six months ended May 31, 2014 and June 1, 2013, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	May 31, 2014		June 1, 2013		May 31, 2014		June 1, 2013
Stock options		207,500		472,500		207,500		472,500
Unvested shares		12,339		11,295		66,339		11,295
Total anti-dilutive securities		219,839		483,795		273,839		483,795