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