Note 12 - Earnings (Loss) Per Share

9 Months Ended

Aug. 29, 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 August 29, 2020:
Basic earnings per share	$	2,178			9,955,382	$	0.22
Add effect of dilutive securities:
Options and restricted shares		-			16,263		-
Diluted earnings per share	$	2,178			9,971,645	$	0.22
For the quarter ended August 31, 2019:
Basic earnings per share	$	2,157			10,212,259	$	0.21
Add effect of dilutive securities:
Options and restricted shares		-			28,276		-
Diluted earnings per share	$	2,157			10,240,535	$	0.21
For the nine months ended August 29, 2020:
Basic loss per share	$	(16,964	)		9,979,861	$	(1.70	)
Add effect of dilutive securities:
Options and restricted shares*		-			-		-
Diluted loss per share	$	(16,964	)		9,979,861	$	(1.70	)
For the nine months ended August 31, 2019:
Basic earnings per share	$	3,210			10,368,891	$	0.31
Add effect of dilutive securities:
Options and restricted shares		-			26,914		-
Diluted earnings per share	$	3,210			10,395,805	$	0.31

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

For the three and nine months ended August 29, 2020 and August 31, 2019, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Nine Months Ended
	August 29, 2020		August 31, 2019		August 29, 2020		August 31, 2019
Stock options		-		-		5,250		-
Unvested shares		3,500		45,653		88,153		45,653
Total anti-dilutive securities		3,500		45,653		93,403		45,653