Note 13 - Earnings Per Share

9 Months Ended

Aug. 27, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

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3

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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 August 27, 2016:
Basic earnings per share	$	4,165		10,739,006	$	0.39
Add effect of dilutive securities:
Options and restricted shares		-		139,661		(0.01	)
Diluted earnings per share	$	4,165		10,878,667	$	0.38
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 nine months ended August 27, 2016:
Basic earnings per share	$	10,784		10,762,106	$	1.00
Add effect of dilutive securities:
Options and restricted shares				139,834		(0.01	)
Diluted earnings per share	$	10,784		10,901,940	$	0.99
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 three and nine months ended August 27, 2016 and August 29, 2015, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Nine Months Ended
	August 27, 2016		August 29, 2015		August 27, 2016		August 29, 2015
Unvested shares		2,000		2,000		7,814		8,354