Note 16 - Earnings (Loss) Per Share

12 Months Ended

Nov. 27, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

16. Earnings (Loss) Per Share

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

	2021		2020			2019
Numerator:
Net income (loss)	$	18,042	$	(10,421	)	$	(1,928	)
Denominator:
Denominator for basic income per share - weighted average shares		9,835,829		9,969,616			10,285,511
Effect of dilutive securities*		7,945		-			-
Denominator for diluted income per share — weighted average shares and assumed conversions		9,843,774		9,969,616			10,285,511
Basic income (loss) per share:
Net income (loss) per share — basic	$	1.83	$	(1.05	)	$	(0.19	)
Diluted income (loss) per share:
Net income (loss) per share — diluted	$	1.83	$	(1.05	)	$	(0.19	)

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

For fiscal 2021, 2020 and 2019, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	2021		2020		2019
Unvested restricted shares		-		90,153		45,036
Stock options		-		5,250		-