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Note 16 - 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. 27, 2021
Aug. 28, 2021
May 29, 2021
Feb. 27, 2021
Nov. 28, 2020
[1]
Aug. 29, 2020
[2]
May 30, 2020
[3]
Feb. 29, 2020
Nov. 27, 2021
Nov. 28, 2020
Nov. 30, 2019
Net income (loss) $ 5,041 $ 3,016 $ 5,974 $ 4,011 $ 6,543 $ 2,178 $ (20,352) $ 1,210 $ 18,042 $ (10,421) $ (1,928)
Denominator for basic income per share - weighted average shares (in shares)                 9,835,829 9,969,616 10,285,511
Effect of dilutive securities* (in shares) [4]                 7,945 0 0
Denominator for diluted income per share — weighted average shares and assumed conversions (in shares)                 9,843,774 9,969,616 10,285,511
Basic income (loss) per share (in dollars per share) $ 0.52 $ 0.31 $ 0.60 $ 0.40 $ 0.65 $ 0.22 $ (2.04) $ 0.12 $ 1.83 $ (1.05) $ (0.19)
Diluted income (loss) per share (in dollars per share) $ 0.52 $ 0.31 $ 0.60 $ 0.40 $ 0.65 $ 0.22 $ (2.04) $ 0.12 $ 1.83 $ (1.05) $ (0.19)
[1] Income from operations includes a gain of $1,161 arising from the settlement of a lease obligation (see Note 13).
[2] Net income includes a non-taxable gain of $914 arising from the recognition of a death benefit from Company-owned life insurance (see Note 13).
[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 7), asset impairment charges of $12,184 and a litigation expense accrual of $1,050 (see Note 13). 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 12).
[4] Due to the net losses in 2020 and 2019, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.