XML 21 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Net Loss per Common Share
 3 Months Ended
Sep. 02, 2017
Earnings Per Share [Abstract]  
Net Loss per Common Share
Net Loss per Common Share  

Basic net loss per share was calculated by dividing net loss by the weighted-average number of common shares outstanding during the period.  Diluted net loss per share was calculated by dividing net loss 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 thirteen weeks ended September 2, 2017 and August 27, 2016, restricted shares in the amount of 112,353 and 140,551, respectively, were excluded from the calculation of diluted net loss per share because their inclusion would have been antidilutive.  The computations of basic and diluted net loss per share attributable to the Company are as follows (in thousands, except per share data):

 
 
13 Weeks Ended
 
 
September 2, 2017
 
August 27, 2016
Net loss attributable to Cal-Maine Foods, Inc.
 
$
(15,993
)
 
$
(30,936
)
 
 
 

 
 

Basic weighted-average common shares
 
48,330

 
48,249

Effect of dilutive securities:
 
 

 
 

Restricted shares
 
—

 
—

Dilutive potential common shares
 
48,330

 
48,249

 
 
 

 
 

Net loss per common share attributable to Cal-Maine Foods, Inc.:
 
 

 
 

Basic
 
$
(0.33
)
 
$
(0.64
)
Diluted
 
$
(0.33
)
 
$
(0.64
)