Note 17 - Earnings (Loss) Per Share

12 Months Ended

Nov. 26, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

17. Earnings (Loss) Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share:

	2022		2021		2020
Earnings per share - continuing operations:
Numerator:
Net income (loss) from continuing operations	$	25,360	$	16,921	$	(11,477	)
Denominator:
Denominator for basic income per share - weighted average shares		9,394,873		9,835,829		9,969,616
Effect of dilutive securities*		8,107		7,945		-
Denominator for diluted income per share — weighted average shares and assumed conversions		9,402,980		9,843,774		9,969,616
Basic income (loss) per share - continuing operations:	$	2.70	$	1.72	$	(1.15	)
Diluted income (loss) per share - continuing operations	$	2.70	$	1.72	$	(1.15	)
Earnings per share - discontinued operations:
Numerator:
Net income from discontinued operations	$	39,985	$	1,121	$	1,056
Denominator:
Denominator for basic income per share - weighted average shares		9,394,873		9,835,829		9,969,616
Effect of dilutive securities*		8,107		7,945		-
Denominator for diluted income per share — weighted average shares and assumed conversions		9,402,980		9,843,774		9,969,616
Basic income per share - discontinued operations	$	4.26	$	0.11	$	0.11
Diluted income per share - discontinued operations	$	4.26	$	0.11	$	0.11

*Due to the net losses in 2020, the potentially dilutive securities would have been anti-dilutive and are therefore excluded.

For fiscal 2022, 2021 and 2020, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

	2022		2021		2020
Unvested restricted shares		-		-		90,153
Stock options		-		-		5,250