Note 12 - Earnings Per Share

6 Months Ended

Jun. 01, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

12. 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, 2019:
Basic earnings per share	$	445		10,433,492	$	0.04
Add effect of dilutive securities:
Options and restricted shares		-		26,329		-
Diluted earnings per share	$	445		10,459,821	$	0.04
For the quarter ended May 26, 2018:
Basic earnings per share	$	4,289		10,701,154	$	0.40
Add effect of dilutive securities:
Options and restricted shares		-		40,182		-
Diluted earnings per share	$	4,289		10,741,336	$	0.40
For the six months ended June 1, 2019:
Basic earnings per share	$	1,053		10,444,306	$	0.10
Add effect of dilutive securities:
Options and restricted shares		-		27,530		-
Diluted earnings per share	$	1,053		10,471,836	$	0.10
For the six months ended May 26, 2018:
Basic earnings per share	$	3,376		10,693,815	$	0.32
Add effect of dilutive securities:
Options and restricted shares		-		53,936		(0.01	)
Diluted earnings per share	$	3,376		10,747,751	$	0.31

For the three and six months ended June 1, 2019 and May 26, 2018, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	Quarter Ended				Six Months Ended
	June 1, 2019		May 26, 2018		June 1, 2019		May 26, 2018
Unvested shares		45,653		5,292		45,653		5,292