Note 9 - Earnings Per Share

6 Months Ended

Jun. 01, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

9. Earnings Per Share

The following reconciles basic and diluted earnings per share:

	Net Income		Weighted Average Shares		Net Income Per Share
For the quarter ended June 1, 2013:
Basic earnings per share	$	1,953		10,712,718	$	0.18
Add effect of dilutive securities:
Options and restricted shares		-		173,131		-
Diluted earnings per share	$	1,953		10,885,849	$	0.18
For the quarter ended May 26, 2012:
Basic earnings per share	$	8,042		11,117,399	$	0.72
Add effect of dilutive securities:
Options and restricted shares		-		102,765		(0.01	)
Diluted earnings per share	$	8,042		11,220,164	$	0.71
For the six months ended June 1, 2013:
Basic earnings per share	$	2,933		10,705,711	$	0.27
Add effect of dilutive securities:
Options and restricted shares		-		165,820		-
Diluted earnings per share	$	2,933		10,871,531	$	0.27
For the six months ended May 26, 2012:
Basic earnings per share	$	7,446		11,138,505	$	0.67
Add effect of dilutive securities:
Options and restricted shares		-		91,060		(0.01	)
Diluted earnings per share	$	7,446		11,229,565	$	0.66

For the three and six months ended June 1, 2013 and May 26, 2012, the following potentially dilutive shares were excluded from the computation as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	June 1, 2013		May 26, 2012		June 1, 2013		May 26, 2012
Stock options		472,500		724,500		472,500		724,500
Unvested restricted shares		11,295		11,184		11,295		11,184
Total anti-dilutive shares		483,795		735,684		483,795		735,684