Note 11 - Earnings Per Share

3 Months Ended

Feb. 26, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

11. Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended February 26, 2022:
Basic earnings per share - continuing operations	$	4,291		9,750,432	$	0.44
Add effect of dilutive securities:
Restricted shares		-		8,545		-
Diluted earnings per share - continuing operations	$	4,291		9,758,977	$	0.44
Basic earnings per share - discontinued operations	$	1,282		9,750,432	$	0.13
Add effect of dilutive securities:
Restricted shares		-		8,545		-
Diluted earnings per share - discontinued operations	$	1,282		9,758,977	$	0.13
For the quarter ended February 27, 2021:
Basic earnings per share - continuing operations	$	3,698		9,919,518	$	0.37
Add effect of dilutive securities:
Options and restricted shares		-		20,287		-
Diluted earnings per share - continuing operations	$	3,698		9,939,805	$	0.37
Basic earnings per share - discontinued operations	$	313		9,919,518	$	0.03
Add effect of dilutive securities:
Options and restricted shares		-		20,287		-
Diluted earnings per share - discontinued operations	$	313		9,939,805	$	0.03

For the three months ended February 26, 2022 and February 27, 2021, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended
	February 26, 2022		February 27, 2021
Unvested shares		51,300		-