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Note 11 - Earnings Per Share
6 Months Ended
May 27, 2023
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 27, 2023:

                       
                         

Basic earnings per share - continuing operations

  $ 2,076       8,810,178     $ 0.24  
Add effect of dilutive securities:                        

Restricted shares

    -       11,853       -  

Diluted earnings per share - continuing operations

  $ 2,076       8,822,031     $ 0.24  
                         
                         

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:                        

Options and 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:                        

Options and restricted shares

    -       12,938       (0.01 )

Diluted earnings per share - discontinued operations

  $ 39,375       9,534,023     $ 4.13  
                         
                         

For the six months ended May 27, 2023:

                       
                         

Basic earnings per share - continuing operations

  $ 3,521       8,839,029     $ 0.40  

Add effect of dilutive securities:

                       

Restricted shares

    -       18,881       -  

Diluted earnings per share - continuing operations

  $ 3,521       8,857,910     $ 0.40  
                         
                         

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:

                       

Options and 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:

                       

Options and restricted shares

    -       2,917       -  

Diluted earnings per share - discontinued operations

  $ 40,657       9,639,730     $ 4.22  

 

For the three and six months ended May 27, 2023 and May 28, 2022, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

 

   

Quarter Ended

   

Six Months Ended

 
   

May 27, 2023

   

May 28, 2022

   

May 27, 2023

   

May 28, 2022

 
                                 

Unvested shares

    15,113       15,799       66,113       67,099