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Note 11 - Earnings Per Share
6 Months Ended
May 28, 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 May 28, 2022:

                       
                         

Basic earnings per share - continuing operations

  $ 7,743       9,521,085     $ 0.81  

Add effect of dilutive securities:

                       

Restricted shares

    -       12,938       -  

Diluted earnings per share - continuing operations

  $ 7,743       9,534,023     $ 0.81  
                         

Basic earnings per share - discontinued operations

  $ 39,375       9,521,085     $ 4.14  

Add effect of dilutive securities:

                       

Restricted shares

    -       12,938       (0.01 )

Diluted earnings per share - discontinued operations

  $ 39,375       9,534,023     $ 4.13  
                         

For the quarter ended May 29, 2021:

                       
                         

Basic earnings per share - continuing operations

  $ 5,077       9,894,627     $ 0.51  

Add effect of dilutive securities:

                       

Options and restricted shares

    -       5,476       -  

Diluted earnings per share - continuing operations

  $ 5,077       9,900,103     $ 0.51  
                         

Basic earnings per share - discontinued operations

  $ 897       9,894,627     $ 0.09  

Add effect of dilutive securities:

                       

Options and restricted shares

    -       5,476       -  

Diluted earnings per share - discontinued operations

  $ 897       9,900,103     $ 0.09  
                         

For the six months ended May 28, 2022:

                       
                         

Basic earnings per share - continuing operations

  $ 12,034       9,636,813     $ 1.25  

Add effect of dilutive securities:

                       

Restricted shares

    -       2,917       -  

Diluted earnings per share - continuing operations

  $ 12,034       9,639,730     $ 1.25  
                         

Basic earnings per share - discontinued operations

  $ 40,657       9,636,813     $ 4.22  

Add effect of dilutive securities:

                       

Restricted shares

    -       2,917       -  

Diluted earnings per share - discontinued operations

  $ 40,657       9,639,730     $ 4.22  
                         

For the six months ended May 29, 2021:

                       
                         

Basic earnings per share - continuing operations

  $ 8,774       9,907,073     $ 0.89  

Add effect of dilutive securities:

                       

Options and restricted shares

    -       12,629       -  

Diluted earnings per share - continuing operations

  $ 8,774       9,919,702     $ 0.89  
                         

Basic earnings per share - discontinued operations

  $ 1,211       9,907,073     $ 0.12  

Add effect of dilutive securities:

                       

Options and restricted shares

    -       12,629       -  

Diluted earnings per share - discontinued operations

  $ 1,211       9,919,702     $ 0.12  

 

 

For the three and six months ended May 28, 2022 and May 29, 2021, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

 

   

Quarter Ended

   

Six Months Ended

 
   

May 28, 2022

   

May 29, 2021

   

May 28, 2022

   

May 29, 2021

 
                                 

Unvested shares

    15,799       -       67,099       7,105