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Net Income (Loss) per Common Share
 3 Months Ended
Aug. 27, 2022
Net Income (Loss) per Common Share [Abstract]  
Net Income (Loss) per Common Share
Note 7 - Net Income (Loss) per Common Share
 
Basic net
 
income (loss)
 
per share
 
is based
 
on the
 
weighted average
 
Common Stock
 
and Class
 
A Common
 
Stock outstanding.
Diluted net income
 
per share
 
is based on
 
weighted-average common
 
shares outstanding
 
during the
 
relevant period adjusted
 
for
the
 
dilutive
 
effect
 
of share-based
 
awards.
 
Restricted
 
shares
 
of
131
 
thousand
 
were
 
antidilutive
 
due
 
to
 
the net
 
loss for
 
the first
quarter of fiscal 2022. These shares were not included in the diluted net
 
loss per share calculation.
The
 
following
 
table
 
provides
 
a
 
reconciliation
 
of
 
the
 
numerators
 
and
 
denominators
 
used
 
to
 
determine
 
basic
 
and
 
diluted
 
net
income (loss) per common share (amounts in thousands, except per share data):
Thirteen Weeks
 
Ended
August 27, 2022
August 28, 2021
Numerator
Net income (loss)
$
125,134
$
(18,026)
Less: Loss attributable to noncontrolling interest
(153)
—
Net income (loss) attributable to Cal-Maine Foods, Inc.
$
125,287
$
(18,026)
Denominator
Weighted-average
 
common shares outstanding, basic
48,623
48,858
Effect of dilutive restricted shares
188
—
Weighted-average
 
common shares outstanding, diluted
48,811
48,858
Net income (loss) per common share attributable to Cal-Maine Foods,
 
Inc.
Basic
$
2.58
$
(0.37)
Diluted
$
2.57
$
(0.37)