Note 11 - Earnings Per Share

9 Months Ended

Aug. 29, 2015

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 29, 2015:

Basic earnings per share	$	4,266		10,816,293	$	0.39
Add effect of dilutive securities:
Options and restricted shares		-		116,575		-
Diluted earnings per share	$	4,266		10,932,868	$	0.39

For the quarter ended August 30, 2014:

Basic earnings per share	$	2,256		10,475,945	$	0.22
Add effect of dilutive securities:
Options and restricted shares		-		135,209		(0.01	)
Diluted earnings per share	$	2,256		10,611,154	$	0.21


For the nine months ended August 29, 2015:

Basic earnings per share	$	14,751		10,658,416	$	1.38
Add effect of dilutive securities:
Options and restricted shares		-		153,787		(0.02	)
Diluted earnings per share	$	14,751		10,812,203	$	1.36

For the nine months ended August 30, 2014:

Basic earnings per share	$	5,650		10,596,433	$	0.54
Add effect of dilutive securities:
Options and restricted shares		-		138,627		(0.01	)
Diluted earnings per share	$	5,650		10,735,060	$	0.53

For the three and nine months ended August 29, 2015 and August 30, 2014, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Nine Months Ended
	August 29, 2015		August 30, 2014		August 29, 2015		August 30, 2014
Stock options		-		207,500		-		207,500
Unvested shares		2,000		-		8,354		66,339

Total anti-dilutive securities		2,000		207,500		8,354		273,839