Note 11 - Earnings (Loss) Per Share

9 Months Ended

Aug. 31, 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 August 31, 2024:
Basic loss per share	$	(4,505	)		8,725,008	$	(0.52	)
Add effect of dilutive securities:
Restricted shares*		-			-		-
Diluted loss per share - continuing operations	$	(4,505	)		8,725,008	$	(0.52	)
For the quarter ended August 26, 2023:
Basic earnings per share	$	(2,591	)		8,736,096	$	(0.30	)
Add effect of dilutive securities:
Restricted shares*		-			-		-
Diluted earnings per share	$	(2,591	)		8,736,096	$	(0.30	)
For the nine months ended August 31, 2024:
Basic earnings per share - continuing operations	$	(12,899	)		8,742,766	$	(1.48	)
Add effect of dilutive securities:
Restricted shares*		-			-		-
Diluted earnings per share - continuing operations	$	(12,899	)		8,742,766	$	(1.48	)
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

*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 31, 2024 and August 26, 2023, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Nine Months Ended
	August 31, 2024		August 26, 2023		August 31, 2024		August 26, 2023
Unvested shares		64,409		100,313		64,409		66,113