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Note 17 - Earnings (Loss) Per Share
12 Months Ended
Nov. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

17. Earnings (Loss) Per Share

 

The following table sets forth the computation of basic and diluted earnings (loss) per share:

 

   

2024

   

2023

   

2022

 

Earnings (loss) per share - continuing operations:

                       

Numerator:

                       

Net income (loss) from continuing operations

  $ (9,695 )   $ (3,171 )   $ 25,360  
                         

Denominator:

                       

Denominator for basic income per share - weighted average shares

    8,733,215       8,784,759       9,394,873  

Effect of dilutive securities*

    -       -       8,107  

Denominator for diluted income per share — weighted average shares and assumed conversions

    8,733,215       8,784,759       9,402,980  
                         

Basic income (loss) per share - continuing operations:

  $ (1.11 )   $ (0.36 )   $ 2.70  
                         

Diluted income (loss) per share - continuing operations

  $ (1.11 )   $ (0.36 )   $ 2.70  
                         

Earnings per share - discontinued operations:

                       

Numerator:

                       

Net income from discontinued operations

  $ -     $ -     $ 39,985  
                         

Denominator:

                       

Denominator for basic income per share - weighted average shares

    8,733,215       8,784,759       9,394,873  

Effect of dilutive securities*

    -       -       8,107  

Denominator for diluted income per share — weighted average shares and assumed conversions

    8,733,215       8,784,759       9,402,980  
                         

Basic income per share - discontinued operations

  $ -     $ -     $ 4.26  
                         

Diluted income per share - discontinued operations

  $ -     $ -     $ 4.25  

 

 

*Due to the net loss in 2024 and 2023, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

 

For fiscal 2024, 2023 and 2022, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

 

   

2024

   

2023

   

2022

 

Unvested restricted shares

    94,409       92,313       -