Note 14 - Changes to Stockholders' Equity

6 Months Ended

Jun. 01, 2024

Notes to Financial Statements

Equity [Text Block]

14. Changes to Stockholders’ Equity

The following changes in our stockholders’ equity occurred during the three and six months ended June 1, 2024 and May 27, 2023:

	Quarter Ended						Six Months Ended
	June 1, 2024			May 27, 2023			June 1, 2024			May 27, 2023
Common Stock:
Beginning of period	$	43,883		$	44,311		$	43,842		$	44,759
Issuance of common stock		98			95			191			187
Purchase and retirement of common stock		(173	)		(506	)		(225	)		(1,046	)
End of period	$	43,808		$	43,900		$	43,808		$	43,900
Common Shares Issued and Outstanding:
Beginning of period		8,776,349			8,862,137			8,768,221			8,951,839
Issuance of common stock		19,629			19,029			38,117			37,410
Purchase and retirement of common stock		(34,646	)		(101,254	)		(45,006	)		(209,337	)
End of period		8,761,332			8,779,912			8,761,332			8,779,912
Additional Paid-in Capital:
Beginning of period	$	175		$	-		$	93		$	-
Issuance of common stock		(5	)		2			(12	)		(10	)
Purchase and retirement of common stock		(316	)		(214	)		(425	)		(414	)
Stock based compensation		198			212			396			424
End of period	$	52		$	-		$	52		$	-
Retained Earnings:
Beginning of period	$	136,588		$	149,611		$	139,354		$	150,800
Net income (loss) for the period		(7,201	)		2,076			(8,394	)		3,521
Purchase and retirement of common stock		-			(884	)		-			(2,097	)
Cash dividends declared		(1,580	)		(1,410	)		(3,153	)		(2,831	)
End of period	$	127,807		$	149,393		$	127,807		$	149,393
Accumulated Other Comprehensive Loss:
Beginning of period	$	(8	)	$	(62	)	$	152		$	50
Cumulative translation adjustments, net of tax		(7	)		(69	)		(174	)		(205	)
Amortization of pension costs, net of tax		8			23			15			47
End of period	$	(7	)	$	(108	)	$	(7	)	$	(108	)

The balance of cumulative translation adjustments, net of tax, was a net loss of $660 and $486 at June 1, 2024 and November 25, 2023, respectively.