XML 33 R16.htm IDEA: XBRL DOCUMENT v3.19.3
Net Income (Loss) per Common Share
3 Months Ended
Aug. 31, 2019
Earnings Per Share [Abstract]  
Net Income per Common Share Net Income (Loss) per Common Share  

Basic net loss per share was calculated by dividing net loss by the weighted-average number of common shares outstanding during the period.  Diluted net loss per share was calculated by dividing net income by the weighted-average number of common shares outstanding during the period plus the dilutive effects of options and restricted stock.  Due to the net loss in the thirteen weeks ended August 31, 2019, restricted shares were excluded from the calculation of diluted net loss per share because their inclusion would have been antidilutive. The computations of basic and diluted net loss per share attributable to the Company are as follows (in thousands, except per share data):

 
 
13 Weeks Ended
 
 
August 31, 2019
 
September 1, 2018
Net income (loss) attributable to Cal-Maine Foods, Inc.
 
$
(45,760
)
 
$
12,405

 
 
 

 
 

Basic weighted-average common shares
 
48,446

 
48,390

Effect of dilutive securities:
 
 
 
 
Restricted shares
 

 
126

Dilutive potential common shares
 
48,446

 
48,516

 
 
 
 
 
Antidilutive securities excluded from computation of earnings per share
 
110

 

 
 
 
 
 
Net income (loss) per common share attributable to Cal-Maine Foods, Inc.:
 
 

 
 

Basic
 
$
(0.94
)
 
$
0.26

Diluted
 
$
(0.94
)
 
$
0.26