Note 12 - Earnings (Loss) Per Share

6 Months Ended

May 30, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

12. Earnings (Loss) Per Share

The following reconciles basic and diluted earnings (loss) per share:

	Net Income (Loss)			Weighted Average Shares		Net Income (Loss) Per Share
For the quarter ended May 30, 2020:
Basic loss per share	$	(20,352	)		9,956,975	$	(2.04	)
Add effect of dilutive securities:
Options and restricted shares*		-			-		-
Diluted loss per share	$	(20,352	)		9,956,975	$	(2.04	)
For the quarter ended June 1, 2019:
Basic earnings per share	$	445			10,433,492	$	0.04
Add effect of dilutive securities:
Options and restricted shares		-			26,329		-
Diluted earnings per share	$	445			10,459,821	$	0.04
For the six months ended May 30, 2020:
Basic loss per share	$	(19,142	)		9,992,101	$	(1.92	)
Add effect of dilutive securities:
Options and restricted shares*		-			-		-
Diluted loss per share	$	(19,142	)		9,992,101	$	(1.92	)
For the six months ended June 1, 2019:
Basic earnings per share	$	1,053			10,444,306	$	0.10
Add effect of dilutive securities:
Options and restricted shares		-			27,530		-
Diluted earnings per share	$	1,053			10,471,836	$	0.10

*Due to the net loss, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

For the three and six months ended May 30, 2020 and June 1, 2019, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	May 30, 2020		June 1, 2019		May 30, 2020		June 1, 2019
Stock options		5,250		-		5,250		-
Unvested shares		51,653		45,653		88,153		45,653
Total anti-dilutive securities		56,903		45,653		93,403		45,653