Note 14 - Changes to Stockholders' Equity

9 Months Ended

Aug. 31, 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 nine months ended August 31, 2024 and August 26, 2023:

	Quarter Ended						Nine Months Ended
	August 31, 2024			August 26, 2023			August 31, 2024			August 26, 2023
Common Stock:
Beginning of period	$	43,808		$	43,900		$	43,842		$	44,759
Issuance of common stock		100			101			291			288
Purchase and retirement of common stock		(234	)		(201	)		(459	)		(1,247	)
End of period	$	43,674		$	43,800		$	43,674		$	43,800
Common Shares Issued and Outstanding:
Beginning of period		8,761,332			8,779,912			8,768,221			8,951,839
Issuance of common stock		20,139			19,996			58,256			57,406
Purchase and retirement of common stock		(46,843	)		(40,143	)		(91,849	)		(249,480	)
End of period		8,734,628			8,759,765			8,734,628			8,759,765
Additional Paid-in Capital:
Beginning of period	$	52		$	-		$	93		$	-
Issuance of common stock		(4	)		(2	)		(16	)		(12	)
Purchase and retirement of common stock		(246	)		(210	)		(671	)		(624	)
Stock based compensation		198			212			594			636
End of period	$	-		$	-		$	-		$	-
Retained Earnings:
Beginning of period	$	127,807		$	149,393		$	139,354		$	150,800
Net income (loss) for the period		(4,505	)		(2,591	)		(12,899	)		930
Purchase and retirement of common stock		(158	)		(196	)		(158	)		(2,293	)
Cash dividends declared		(1,756	)		(1,575	)		(4,909	)		(4,406	)
End of period	$	121,388		$	145,031		$	121,388		$	145,031
Accumulated Other Comprehensive Loss:
Beginning of period	$	(7	)	$	(108	)	$	152		$	50
Cumulative translation adjustments, net of tax		(24	)		31			(198	)		(174	)
Amortization of pension costs, net of tax		6			23			21			70
End of period	$	(25	)	$	(54	)	$	(25	)	$	(54	)

The balance of cumulative translation adjustments, net of tax, was a net loss of $684 and $486 at August 31, 2024 and November 25, 2023, respectively.