Note 13 - Earnings (Loss) Per Share

6 Months Ended

May 29, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

13. Earnings (Loss) Per Share

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

	Net Income			Weighted Average Shares		Net Income Per Share
For the quarter ended May 29, 2021:
Basic earnings per share	$	5,974			9,894,627	$	0.60
Add effect of dilutive securities:
Options and restricted shares		-			5,476		-
Diluted earnings per share	$	5,974			9,900,103	$	0.60
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 six months ended May 29, 2021:
Basic earnings per share	$	9,985			9,907,073	$	1.01
Add effect of dilutive securities:
Options and restricted shares		-			12,629		-
Diluted earnings per share	$	9,985			9,919,702	$	1.01
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	)

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

For the three and six months ended May 29, 2021 and May 30, 2020, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	May 29, 2021		May 30, 2020		May 29, 2021		May 30, 2020
Stock options		-		5,250		-		5,250
Unvested shares		-		51,653		7,105		88,153
Total anti-dilutive securities		-		56,903		7,105		93,403