Note 11 - Earnings (Loss) Per Share

6 Months Ended

Jun. 01, 2024

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 June 1, 2024:
Basic loss per share	$	(7,201	)		8,762,815	$	(0.82	)
Add effect of dilutive securities:
Restricted shares*		-			-		-
Diluted loss per share - continuing operations	$	(7,201	)		8,762,815	$	(0.82	)
For the quarter ended May 27, 2023:
Basic earnings per share	$	2,076			8,810,178	$	0.24
Add effect of dilutive securities:
Options and restricted shares		-			11,853		-
Diluted earnings per share	$	2,076			8,822,031	$	0.24
For the six months ended June 1, 2024:
Basic earnings per share - continuing operations	$	(8,394	)		8,751,315	$	(0.96	)
Add effect of dilutive securities:
Restricted shares*		-			-		-
Diluted earnings per share - continuing operations	$	(8,394	)		8,751,315	$	(0.96	)
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:
Options and restricted shares		-			18,881		-
Diluted earnings per share - continuing operations	$	3,521			8,857,910	$	0.40

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

For the three and six months ended June 1, 2024 and May 27, 2023, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	June 1, 2024		May 27, 2023		June 1, 2024		May 27, 2023
Unvested shares		64,409		15,113		64,409		66,113