Earnings per Share

3 Months Ended

May 30, 2026

Basic earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding. Diluted earnings per share is computed by dividing net earnings by the weighted average number of common shares outstanding, including the dilutive effects of stock options, SARs and nonvested shares.

The following table presents a reconciliation of the share amounts used in the computation of basic and diluted earnings per share:


	Three Months Ended
(In thousands)	May 30, 2026	May 31, 2025


Basic earnings per share – weighted average common shares outstanding	21,045	21,338
Weighted average effect of nonvested share grants and assumed exercise of stock options	267	—
Diluted earnings (loss) per share – weighted average common shares and potential common shares outstanding	21,312	21,338
Stock awards excluded from the calculation of earnings (loss) per share because the effect was anti-dilutive (award price greater than average market price of the shares)	343	224