Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive (loss) income was based on the following amounts (in thousands, except per share amounts):

	Three Months Ended
	November 30, 2024						December 2, 2023
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(751	)	$	(751	)	$	(1,797	)	$	(1,797	)
Less dividends:
Common stock		742			742			734			734
Class B common stock		111			111			111			111
Undistributed loss	$	(1,604	)	$	(1,604	)	$	(2,642	)	$	(2,642	)
Common stock undistributed loss	$	(1,395	)	$	(1,395	)	$	(2,295	)	$	(2,295	)
Class B common stock undistributed loss		(209	)		(209	)		(347	)		(347	)
Total undistributed loss	$	(1,604	)	$	(1,604	)	$	(2,642	)	$	(2,642	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		12,315			12,315			12,226			12,226
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversion					12,315						12,226
Class B common stock weighted average shares and shares under if-converted method for diluted EPS		2,049			2,049			2,052			2,052
Net loss per share:
Common stock	$	(0.05	)	$	(0.05	)	$	(0.13	)	$	(0.13	)
Class B common stock	$	(0.05	)	$	(0.05	)	$	(0.12	)	$	(0.12	)

Note: There were 249 common stock options that were antidilutive and not included in the diluted earnings per share in the second quarter of fiscal 2025. There were 221 common stock options that were antidilutive and not included in the diluted earnings per share for the second quarter of fiscal 2024.

	Six Months Ended
	November 30, 2024						December 2, 2023
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(161	)	$	(161	)	$	(570	)	$	(570	)
Less dividends:
Common stock		1,481			1,481			1,466			1,466
Class B common stock		222			222			222			222
Undistributed loss	$	(1,864	)	$	(1,864	)	$	(2,258	)	$	(2,258	)
Common stock undistributed loss	$	(1,620	)	$	(1,620	)	$	(1,961	)	$	(1,961	)
Class B common stock undistributed loss		(244	)		(244	)		(297	)		(297	)
Total undistributed loss	$	(1,864	)	$	(1,864	)	$	(2,258	)	$	(2,258	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		12,258			12,258			12,198			12,198
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversion					12,258						12,198
Class B common stock weighted average shares and shares under if-converted method for diluted EPS		2,049			2,049			2,052			2,052
Net loss per share:
Common stock	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.04	)
Class B common stock	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.04	)

Note: There were 241 common stock options that were antidilutive and not included in the diluted earnings per share for the first six months of fiscal 2025. There were 297 common stock options that were antidilutive and not included in the diluted earnings per share for first six months of fiscal 2024.