Note 13 - Earnings (Loss) Per Share

9 Months Ended

Aug. 28, 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 August 28, 2021:
Basic earnings per share	$	3,016			9,779,928	$	0.31
Add effect of dilutive securities:
Options and restricted shares		-			5,415		-
Diluted earnings per share	$	3,016			9,785,343	$	0.31
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 nine months ended August 28, 2021:
Basic earnings per share	$	13,001			9,864,691	$	1.32
Add effect of dilutive securities:
Options and restricted shares		-			9,329		-
Diluted earnings per share	$	13,001			9,874,020	$	1.32
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	)

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

For the three and nine months ended August 28, 2021 and August 29, 2020, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Nine Months Ended
	August 28, 2021		August 29, 2020		August 28, 2021		August 29, 2020
Stock options		-		-		-		5,250
Unvested shares		-		3,500		7,105		88,153
Total anti-dilutive securities		-		3,500		7,105		93,403