Net Income per Common Share

6 Months Ended

Dec. 02, 2023

Net Income per Common Share [Abstract]

Net Income per Common Share

Note 7 - Net Income per Common Share

Basic net income per share is based on the weighted average Common Stock and Class A Common Stock outstanding. Diluted

net income per share is based on weighted-average common shares outstanding during the relevant period adjusted for the

dilutive effect of share-based awards. 

The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net

income per common share (amounts in thousands, except per share data):

Thirteen Weeks Ended

Twenty-six Weeks Ended

December 2, 2023

November 26, 2022

December 2, 2023

November 26, 2022

Numerator

Net income

$

16,578

$

198,294

$

16,989

$

323,428

Less: Loss attributable to

noncontrolling interest

(431)

(293)

(946)

(446)

Net income attributable to Cal-Maine

Foods, Inc.

$

17,009

$

198,587

$

17,935

$

323,874

Denominator

Weighted-average common shares

outstanding, basic

48,690

48,624

48,691

48,624

Effect of dilutive restricted shares

176

216

163

203

Weighted-average common shares

outstanding, diluted

48,866

48,840

48,854

48,827

Net income per common share

attributable to Cal-Maine Foods, Inc.

Basic

$

0.35

$

4.08

$

0.37

$

6.66

Diluted

$

0.35

$

4.07

$

0.37

$

6.63