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Net Income Per Common Share
3 Months Ended
Aug. 30, 2014
Net Income Per Common Share [Abstract]  
Net Income Per Common Share

5.   Net Income per Common Share  

 

Basic net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period.  Diluted net income per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period plus the dilutive effects of options and restricted stock.  The computations of basic and diluted net income per share attributable to the Company are as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13 Weeks Ended

 

 

August 30, 2014

 

August 31, 2013

Net income attributable to

 

 

 

 

 

 

Cal-Maine Foods, Inc.

 

$

27,655 

 

$

8,756 

 

 

 

 

 

 

 

Basic weighted-average common shares

 

 

24,065 

 

 

24,039 

 

 

 

 

 

 

 

Effect of dilutive securities:

 

 

 

 

 

 

Restricted shares

 

 

123 

 

 

63 

Common stock options

 

 

11 

 

 

29 

Dilutive potential common shares

 

 

24,199 

 

 

24,131 

 

 

 

 

 

 

 

Net income per common share

 

 

 

 

 

 

attributable to Cal-Maine Foods, Inc.:

 

 

 

 

 

 

Basic

 

$

1.15 

 

$

0.36 

Diluted

 

$

1.14 

 

$

0.36