Note 13 - Changes to Stockholders' Equity

3 Months Ended

Mar. 02, 2024

Notes to Financial Statements

Equity [Text Block]

13. Changes to Stockholders’ Equity

The following changes in our stockholders’ equity occurred during the three months ended March 2, 2024 and February 25, 2023:

	Quarter Ended
	March 2, 2024			February 25, 2023
Common Stock:
Beginning of period	$	43,842		$	44,759
Issuance of common stock		93			92
Purchase and retirement of common stock		(52	)		(540	)
End of period	$	43,883		$	44,311
Common Shares Issued and Outstanding:
Beginning of period		8,768,221			8,951,839
Issuance of common stock		18,488			18,381
Purchase and retirement of common stock		(10,360	)		(108,083	)
End of period		8,776,349			8,862,137
Additional Paid-in Capital:
Beginning of period	$	93		$	-
Issuance of common stock		(7	)		(12	)
Purchase and retirement of common stock		(109	)		(200	)
Stock based compensation		198			212
End of period	$	175		$	-
Retained Earnings:
Beginning of period	$	139,354		$	150,800
Net income (loss) for the period		(1,193	)		1,445
Purchase and retirement of common stock		-			(1,213	)
Cash dividends declared		(1,573	)		(1,421	)
End of period	$	136,588		$	149,611
Accumulated Other Comprehensive Loss:
Beginning of period	$	152		$	50
Cumulative translation adjustments, net of tax		(167	)		(136	)
Amortization of pension costs, net of tax		7			24
End of period	$	(8	)	$	(62	)

The balance of cumulative translation adjustments, net of tax, was a net loss of $654 and $486 at March 2, 2024 and November 25, 2023, respectively.