CALCULATION OF EARNINGS PER SHARE (Tables)

9 Months Ended

Feb. 27, 2016

Earnings Per Share [Abstract]

Calculation of earnings per share

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

	Three Months Ended
	February 27, 2016						February 28, 2015
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Loss from continuing operations	$	(2,926	)	$	(2,926	)	$	(2,198	)	$	(2,198	)
Less dividends:
Common stock		642			642			691			691
Class B common stock		116			116			116			116
Undistributed losses	$	(3,684	)	$	(3,684	)	$	(3,005	)	$	(3,005	)
Common stock undistributed losses	$	(3,122	)	$	(3,122	)	$	(2,577	)	$	(2,577	)
Class B common stock undistributed losses		(562	)		(562	)		(428	)		(428	)
Total undistributed losses	$	(3,684	)	$	(3,684	)	$	(3,005	)	$	(3,005	)
Income from discontinued operations	$	—		$	—		$	—		$	—
Less dividends:
Common stock		642			642			691			691
Class B common stock		116			116			116			116
Undistributed losses	$	(758	)	$	(758	)	$	(807	)	$	(807	)
Common stock undistributed losses	$	(642	)	$	(642	)	$	(692	)	$	(692	)
Class B common stock undistributed losses		(116	)		(116	)		(115	)		(115	)
Total undistributed losses	$	(758	)	$	(758	)	$	(807	)	$	(807	)
Net loss	$	(2,926	)	$	(2,926	)	$	(2,198	)	$	(2,198	)
Less dividends:
Common stock		642			642			691			691
Class B common stock		116			116			116			116
Undistributed losses	$	(3,684	)	$	(3,684	)	$	(3,005	)	$	(3,005	)
Common stock undistributed losses	$	(3,122	)	$	(3,122	)	$	(2,577	)	$	(2,577	)
Class B common stock undistributed losses		(562	)		(562	)		(428	)		(428	)
Total undistributed losses	$	(3,684	)	$	(3,684	)	$	(3,005	)	$	(3,005	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		10,701			10,701			11,604			11,604
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,141			2,141			2,141			2,141
Effect of dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,842						13,745
Loss from continuing operations per share:
Common stock	$	(0.23	)	$	(0.23	)	$	(0.16	)	$	(0.16	)
Class B common stock	$	(0.21	)	$	(0.21	)	$	(0.15	)	$	(0.15	)
Income from discontinued operations per share:
Common stock	$	—		$	—		$	—		$	—
Class B common stock	$	—		$	—		$	—		$	—
Net loss per share:
Common stock	$	(0.23	)	$	(0.23	)	$	(0.16	)	$	(0.16	)
Class B common stock	$	(0.21	)	$	(0.21	)	$	(0.15	)	$	(0.15	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the third quarter of fiscal 2016 and fiscal 2015 were 1,019,939 and 886,064, respectively. 

	Nine Months Ended
	February 27, 2016						February 28, 2015
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Loss from continuing operations	$	(6,611	)	$	(6,611	)	$	(3,425	)	$	(3,425	)
Less dividends:
Common stock		1,973			1,973			2,103			2,103
Class B common stock		348			348			350			350
Undistributed losses	$	(8,932	)	$	(8,932	)	$	(5,878	)	$	(5,878	)
Common stock undistributed losses	$	(7,598	)	$	(7,598	)	$	(5,045	)	$	(5,045	)
Class B common stock undistributed losses		(1,334	)		(1,334	)		(833	)		(833	)
Total undistributed losses	$	(8,932	)	$	(8,932	)	$	(5,878	)	$	(5,878	)
Income from discontinued operations	$	—		$	—		$	87		$	87
Less dividends:
Common stock		1,973			1,973			2,103			2,103
Class B common stock		348			348			350			350
Undistributed losses	$	(2,321	)	$	(2,321	)	$	(2,366	)	$	(2,366	)
Common stock undistributed losses	$	(1,973	)	$	(1,973	)	$	(2,031	)	$	(2,031	)
Class B common stock undistributed losses		(348	)		(348	)		(335	)		(335	)
Total undistributed losses	$	(2,321	)	$	(2,321	)	$	(2,366	)	$	(2,366	)
Net loss	$	(6,611	)	$	(6,611	)	$	(3,338	)	$	(3,338	)
Less dividends:
Common stock		1,973			1,973			2,103			2,103
Class B common stock		348			348			350			350
Undistributed losses	$	(8,932	)	$	(8,932	)	$	(5,791	)	$	(5,791	)
Common stock undistributed losses	$	(7,598	)	$	(7,598	)	$	(4,970	)	$	(4,970	)
Class B common stock undistributed losses		(1,334	)		(1,334	)		(821	)		(821	)
Total undistributed losses	$	(8,932	)	$	(8,932	)	$	(5,791	)	$	(5,791	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		10,976			10,976			11,733			11,733
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,141			2,141			2,154			2,154
Effect of dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					13,117						13,887
Loss from continuing operations per share:
Common stock	$	(0.51	)	$	(0.51	)	$	(0.25	)	$	(0.25	)
Class B common stock	$	(0.46	)	$	(0.46	)	$	(0.22	)	$	(0.22	)
Income from discontinued operations per share:
Common stock	$	—		$	—		$	0.01		$	0.01
Class B common stock	$	—		$	—		$	0.01		$	0.01
Net loss per share:
Common stock	$	(0.51	)	$	(0.51	)	$	(0.24	)	$	(0.24	)
Class B common stock	$	(0.46	)	$	(0.46	)	$	(0.21	)	$	(0.21	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first nine months of fiscal 2016 and fiscal 2015 were 800,164 and 726,564, respectively.