Note 18 - Earnings (Loss) Per Share

12 Months Ended

Nov. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

18. Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:

	2019			2018		2017
Numerator:
Net income (loss)	$	(1,928	)	$	8,218	$	18,256
Denominator:
Denominator for basic income per share - weighted average shares		10,285,511			10,651,351		10,649,225
Effect of dilutive securities		-			40,424		82,850
Denominator for diluted income per share — weighted average shares and assumed conversions		10,285,511			10,691,775		10,732,075
Basic income (loss) per share:
Net income (loss) per share — basic	$	(0.19	)	$	0.77	$	1.71
Diluted income (loss) per share:
Net income (loss) per share — diluted	$	(0.19	)	$	0.77	$	1.70

For fiscal 2019, 2018 and 2017, the following potentially dilutive shares were excluded from the computations as there effect was anti-dilutive:

	2019		2018		2017
Unvested restricted shares		90,153		45,036		-
Stock options		5,250		-		-