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Note 17 - Earnings (Loss) Per Share
12 Months Ended
Nov. 25, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

17. Earnings (Loss) Per Share

 

The following table sets forth the computation of basic and diluted earnings (loss) per share:

 

   

2023

   

2022

   

2021

 

Earnings (loss) per share - continuing operations:

                       

Numerator:

                       

Net income (loss) from continuing operations

  $ (3,171 )   $ 25,360     $ 16,921  
                         

Denominator:

                       

Denominator for basic income per share - weighted average shares

    8,784,759       9,394,873       9,835,829  

Effect of dilutive securities*

    -       8,107       7,945  

Denominator for diluted income per share — weighted average shares and assumed conversions

    8,784,759       9,402,980       9,843,774  
                         

Basic income (loss) per share - continuing operations:

  $ (0.36 )   $ 2.70     $ 1.72  
                         

Diluted income (loss) per share - continuing operations

  $ (0.36 )   $ 2.70     $ 1.72  
                         

Earnings per share - discontinued operations:

                       

Numerator:

                       

Net income from discontinued operations

  $ -     $ 39,985     $ 1,121  
                         

Denominator:

                       

Denominator for basic income per share - weighted average shares

    8,784,759       9,394,873       9,835,829  

Effect of dilutive securities*

    -       8,107       -  

Denominator for diluted income per share — weighted average shares and assumed conversions

    8,784,759       9,402,980       9,835,829  
                         

Basic income per share - discontinued operations

  $ -     $ 4.26     $ 0.11  
                         

Diluted income per share - discontinued operations

  $ -     $ 4.26     $ 0.11  

 

*Due to the net loss in 2023, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

 

For fiscal 2023, 2022 and 2021, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

 

   

2023

   

2022

   

2021

 

Unvested restricted shares

    92,313       -       -