Note 15 - Changes to Stockholders' Equity

6 Months Ended

May 27, 2023

Notes to Financial Statements

Equity [Text Block]

15. Changes to Stockholders’ Equity

The following changes in our stockholders’ equity occurred during the three and six months ended May 27, 2023 and May 28, 2022:

	Quarter Ended						Six Months Ended
	May 27, 2023			May 28, 2022			May 27, 2023			May 28, 2022
Common Stock:
Beginning of period	$	44,311		$	48,640		$	44,759		$	48,811
Issuance of common stock		95			70			187			124
Purchase and retirement of common stock		(506	)		(2,314	)		(1,046	)		(2,539	)
End of period	$	43,900		$	46,396		$	43,900		$	46,396
Common Shares Issued and Outstanding:
Beginning of period		8,862,137			9,727,932			8,951,839			9,762,125
Issuance of common stock		19,029			14,180			37,410			24,976
Purchase and retirement of common stock		(101,254	)		(462,844	)		(209,337	)		(507,833	)
End of period		8,779,912			9,279,268			8,779,912			9,279,268
Additional Paid-in Capital:
Beginning of period	$	-		$	-		$	-		$	113
Issuance of common stock		2			13			(10	)		52
Purchase and retirement of common stock		(214	)		(155	)		(414	)		(422	)
Stock based compensation		212			142			424			257
End of period	$	-		$	-		$	-		$	-
Retained Earnings:
Beginning of period	$	149,611		$	119,557		$	150,800		$	115,631
Net income for the period		2,076			47,118			3,521			52,691
Purchase and retirement of common stock		(884	)		(5,408	)		(2,097	)		(5,681	)
Cash dividends declared		(1,410	)		(15,796	)		(2,831	)		(17,170	)
End of period	$	149,393		$	145,471		$	149,393		$	145,471
Accumulated Other Comprehensive Loss:
Beginning of period	$	(62	)	$	(1,774	)	$	50		$	(1,823	)
Cumulative translation adjustments, net of tax		(69	)		-			(205	)		-
Amortization of pension costs, net of tax		23			48			47			97
End of period	$	(108	)	$	(1,726	)	$	(108	)	$	(1,726	)

The balance of cumulative translation adjustments, net of tax, was a net loss of $409 and $204 at May 27, 2023 and November 26, 2022, respectively.