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Note 17 - Earnings (Loss) Per Share - Reconciliation of Basic and Diluted Loss Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 12 Months Ended
Nov. 28, 2020
[1]
Aug. 29, 2020
[2]
May 30, 2020
[3]
Feb. 29, 2020
Nov. 30, 2019
[4]
Aug. 31, 2019
Jun. 01, 2019
Mar. 02, 2019
[5]
Nov. 28, 2020
Nov. 30, 2019
Nov. 24, 2018
Net income (loss) $ 6,543 $ 2,178 $ (20,352) $ 1,210 $ (5,138) $ 2,157 $ 445 $ 608 $ (10,421) $ (1,928) $ 8,218
Denominator for basic income per share - weighted average shares (in shares)                 9,969,616 10,285,511 10,651,351
Effect of dilutive securities* (in shares) [6]                 0 0 40,424
Denominator for diluted income per share — weighted average shares and assumed conversions (in shares)                 9,969,616 10,285,511 10,691,775
Basic income (loss) per share (in dollars per share) $ 0.65 $ 0.22 $ (2.04) $ 0.12 $ (0.50) $ 0.21 $ 0.04 $ 0.06 $ (1.05) $ (0.19) $ 0.77
Diluted income (loss) per share (in dollars per share) $ 0.65 $ 0.22 $ (2.04) $ 0.12 $ (0.50) $ 0.21 $ 0.04 $ 0.06 $ (1.05) $ (0.19) $ 0.77
[1] Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 14).
[2] Net income includes a non-taxable gain of $915 arising from the recognition of a death benefit from Company-owned life insurance (see Note 14).
[3] Loss from operations reflects the severe impact of the COVID-19 pandemic on our operations due to the temporary closure of substantially all of our operations during the quarter (see Note 1) and includes a goodwill impairment charge of $1,971 (see Note 8), asset impairment charges of $12,184 and a litigation expense accrual of $1,050 (see Note 14). Net loss includes the benefit of carrying back the loss to tax years with 35% federal statutory rate as provided for in the CARES Act (see Note 13).
[4] Loss from operations includes a charge for the impairment of goodwill of $1,926 (see Note 8) and charges of $4,431, $700 and $149 for impairment of long-lived assets, litigation costs and lease termination costs, respectively (see Note 14).
[5] Income from operations includes a charge of $835 arising from certain eligible employees' acceptance of voluntary early retirement package (see Note 14).
[6] Due to the net losses in 2020 and 2019, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.