Note 17 - Earnings (Loss) Per Share

12 Months Ended

Nov. 28, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

17. Earnings (Loss) Per Share

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

	2020			2019			2018
Numerator:
Net income (loss)	$	(10,421	)	$	(1,928	)	$	8,218
Denominator:
Denominator for basic income per share - weighted average shares		9,969,616			10,285,511			10,651,351
Effect of dilutive securities*		-			-			40,424
Denominator for diluted income per share — weighted average shares and assumed conversions		9,969,616			10,285,511			10,691,775
Basic income (loss) per share:
Net income (loss) per share — basic	$	(1.05	)	$	(0.19	)	$	0.77
Diluted income (loss) per share:
Net income (loss) per share — diluted	$	(1.05	)	$	(0.19	)	$	0.77

*Due to the net losses in 2020 and 2019, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

For fiscal 2020, 2019 and 2018, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	2020		2019		2018
Unvested restricted shares		34,500		90,153		45,036
Stock options		5,250		5,250		-