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Note 11 - Earnings (Loss) Per Share
9 Months Ended
Aug. 26, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

11. Earnings (Loss) Per Share

 

The following reconciles basic and diluted earnings (loss) per share:

 

   

Net Income

(Loss)

   

Weighted Average

Shares

   

Net Income

(Loss) Per

Share

 

For the quarter ended August 26, 2023:

                       
                         

Basic loss per share - continuing operations

  $ (2,591 )     8,736,096     $ (0.30 )
Add effect of dilutive securities:                        

Restricted shares*

    -       -       -  

Diluted loss per share - continuing operations

  $ (2,591 )     8,736,096     $ (0.30 )
                         
                         

For the quarter ended August 27, 2022:

                       
                         

Basic earnings per share - continuing operations

  $ 7,773       9,238,185     $ 0.84  
Add effect of dilutive securities:                        

Options and restricted shares

    -       28,927       -  

Diluted earnings per share - continuing operations

  $ 7,773       9,267,112     $ 0.84  
                         

Basic loss per share - discontinued operations

  $ (145 )     9,238,185     $ (0.02 )
Add effect of dilutive securities:                        

Options and restricted shares*

    -       -       -  

Diluted loss per share - discontinued operations

  $ (145 )     9,238,185     $ (0.02 )
                         
                         

For the nine months ended August 26, 2023:

                       
                         

Basic earnings per share - continuing operations

  $ 930       8,804,718     $ 0.11  

Add effect of dilutive securities:

                       

Restricted shares

    -       15,934       -  

Diluted earnings per share - continuing operations

  $ 930       8,820,652     $ 0.11  
                         
                         

For the nine months ended August 27, 2022:

                       
                         

Basic earnings per share - continuing operations

  $ 19,807       9,503,937     $ 2.08  

Add effect of dilutive securities:

                       

Options and restricted shares

    -       5,688       -  

Diluted earnings per share - continuing operations

  $ 19,807       9,509,625     $ 2.08  
                         

Basic earnings per share - discontinued operations

  $ 40,512       9,503,937     $ 4.26  

Add effect of dilutive securities:

                       

Options and restricted shares

    -       5,688       -  

Diluted earnings per share - discontinued operations

  $ 40,512       9,509,625     $ 4.26  

 

*Due to the net loss for the period, potentially dilutive securities would have been anti-dilutive and are therefore excluded.

 

 

For the three and nine months ended August 26, 2023 and August 27, 2022, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

 

   

Quarter Ended

   

Nine Months Ended

 
   

August 26, 2023

   

August 27, 2022

   

August 26, 2023

   

August 27, 2022

 
                                 

Unvested shares

    100,313       15,799       66,113       67,099