Note 11 - Earnings (Loss) Per Share

6 Months Ended

May 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

11. Earnings (Loss) Per Share

Basic earnings (loss) per common share is computed by dividing net income (loss) allocable to common shares by the weighted average number of common shares outstanding, adjusted for participating securities, if any. The following reconciles basic and diluted earnings (loss) per share:

	Net Income (Loss)			Weighted Average Shares		Earnings (Loss) Per Share
For the quarter ended May 31, 2025:
Basic earnings per share	$	1,918			8,667,908	$	0.22
Add effect of dilutive securities:
Restricted shares		-			11,966		-
Diluted earnings per share	$	1,918			8,679,874	$	0.22
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	$	(7,201	)		8,762,815	$	(0.82	)
For the six months ended May 31, 2025:
Basic earnings per share	$	3,772			8,673,339	$	0.43
Add effect of dilutive securities:
Restricted shares		-			20,261		-
Diluted earnings per share	$	3,772			8,693,600	$	0.43
For the six months ended June 1, 2024:
Basic loss per share	$	(8,394	)		8,751,315	$	(0.96	)
Add effect of dilutive securities:
Restricted shares*		-			-		-
Diluted loss per share	$	(8,394	)		8,751,315	$	(0.96	)

*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 May 31, 2025 and June 1, 2024, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	May 31, 2025		June 1, 2024		May 31, 2025		June 1, 2024
Unvested shares		17,556		64,409		17,556		64,409