Net Income Per Common Share

3 Months Ended

Aug. 27, 2016

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.  Due to the net loss in the first quarter of fiscal 2017, restricted shares in the amount of 140,551 were excluded from the calculation of diluted earnings per share because their inclusion would have been antidilutive.  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 27, 2016		August 29, 2015
Net income (loss) attributable to
Cal-Maine Foods, Inc.	$	(30,936)	$	143,023
Basic weighted-average common shares		48,249		48,163
Effect of dilutive securities:
Restricted shares		-		335
Dilutive potential common shares		48,249		48,498
Net income (loss) per common share
attributable to Cal-Maine Foods, Inc.:
Basic	$	(0.64)	$	2.97
Diluted	$	(0.64)	$	2.95