Note 15 - Changes to Stockholders' Equity

6 Months Ended

Jun. 01, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

15. Changes to Stockholders’ Equity

The following changes in our stockholders’ equity occurred during the three and six months ended June 1, 2019 and May 26, 2018:

	Quarter Ended						Six Months Ended
	June 1, 2019			May 26, 2018			June 1, 2019			May 26, 2018
Common Stock:
Beginning of period	$	52,598		$	53,776		$	52,638		$	53,690
Issuance of common stock		64			61			281			254
Purchase and retirement of common stock		(400	)		(101	)		(657	)		(208	)
End of period	$	52,262		$	53,736		$	52,262		$	53,736
Common Shares Issued and Outstanding:
Beginning of period		10,519,640			10,755,291			10,527,636			10,737,950
Issuance of common stock		12,729			12,165			56,201			50,806
Purchase and retirement of common stock		(80,024	)		(20,334	)		(131,492	)		(41,634	)
End of period		10,452,345			10,747,122			10,452,345			10,747,122
Additional Paid-in Capital:
Beginning of period	$	-		$	499		$	-		$	962
Issuance of common stock		21			56			(97	)		(53	)
Purchase and retirement of common stock		(242	)		(477	)		(379	)		(1,136	)
Stock based compensation		221			304			476			609
End of period	$	-		$	382		$	-		$	382
Retained Earnings:
Beginning of period	$	138,687		$	137,827		$	140,009		$	139,378
Cumulative effect of a change in accounting principal		-			-			(21	)		-
Reclassification of certain tax effects from accumulated other comprehensive loss		-			-			-			545
Net income for the period		445			4,289			1,053			3,376
Purchase and retirement of common stock		(693	)		-			(1,311	)		-
Cash dividends		(1,312	)		(1,182	)		(2,603	)		(2,365	)
End of period	$	137,127		$	140,934		$	137,127		$	140,934
Accumulated Other Comprehensive Loss:
Beginning of period	$	(2,280	)	$	(3,036	)	$	(2,338	)	$	(2,570	)
Reclassification of certain tax effects from accumulated other comprehensive loss		-			-			-			(545	)
Amortization of pension costs, net of tax		57			80			115			159
End of period	$	(2,223	)	$	(2,956	)	$	(2,223	)	$	(2,956	)