Note 13 - Earnings Per Share

6 Months Ended

May 28, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

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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 28, 2016:
Basic earnings per share	$	3,385		10,767,082	$	0.31
Add effect of dilutive securities:
Options and restricted shares		-		145,609		-
Diluted earnings per share	$	3,385		10,912,691	$	0.31
For the quarter ended May 30, 2015:
Basic earnings per share	$	4,529		10,678,298	$	0.42
Add effect of dilutive securities:
Options and restricted shares		-		165,918		-
Diluted earnings per share	$	4,529		10,844,216	$	0.42
For the six months ended May 28, 2016:
Basic earnings per share	$	6,619		10,773,656	$	0.61
Add effect of dilutive securities:
Options and restricted shares				142,584		-
Diluted earnings per share	$	6,619		10,916,240	$	0.61
For the nine months ended May 30, 2015:
Basic earnings per share	$	10,485		10,579,477	$	0.99
Add effect of dilutive securities:
Options and restricted shares		-		171,720		(0.01	)
Diluted earnings per share	$	10,485		10,751,197	$	0.98

For the three and six months ended May 28, 2016 and May 30, 2015, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	May 28, 2016		May 30, 2015		May 28, 2016		May 30, 2015
Unvested shares		5,814		6,354		7,814		46,354