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CALCULATION OF EARNINGS PER SHARE (Tables)
 3 Months Ended 9 Months Ended
Mar. 01, 2014
Mar. 01, 2014
Earnings per share
The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive income are based on the following amounts (in thousands, except per share amounts):
 
Three Months Ended
 
March 1, 2014
 
March 2, 2013
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
 
 
 
 
 
 
Numerator for Basic and Diluted EPS:
 
 
 
 
 
 
 
          Income (loss) from continuing operations
$
(112
)
 
$
(112
)
 
$
586

 
$
586

          Less dividends:
 
 
 
 
 
 
 
              Common stock
710

 
710

 
738

 
738

              Class B common stock
118

 
118

 
148

 
148

          Undistributed losses
$
(940
)
 
$
(940
)
 
$
(300
)
 
$
(300
)
          Common stock undistributed losses
$
(806
)
 
$
(806
)
 
$
(250
)
 
$
(250
)
          Class B common stock undistributed losses
(134
)
 
(134
)
 
(50
)
 
(50
)
          Total undistributed losses
$
(940
)
 
$
(940
)
 
$
(300
)
 
$
(300
)
          Loss from discontinued operations
$
(420
)
 
$
(420
)
 
$
(182
)
 
$
(182
)
          Less dividends:
 
 
 
 
 
 
 
              Common stock
710

 
710

 
738

 
738

              Class B common stock
118

 
118

 
148

 
148

          Undistributed losses
$
(1,248
)
 
$
(1,248
)
 
$
(1,068
)
 
$
(1,068
)
          Common stock undistributed losses
$
(1,070
)
 
$
(1,070
)
 
$
(890
)
 
$
(891
)
          Class B common stock undistributed losses
(178
)
 
(178
)
 
(178
)
 
(177
)
          Total undistributed losses
$
(1,248
)
 
$
(1,248
)
 
$
(1,068
)
 
$
(1,068
)
          Net income (loss)
$
(532
)
 
$
(532
)
 
$
404

 
$
404

          Less dividends:
 
 
 
 
 
 
 
             Common stock
710

 
710

 
738

 
738

             Class B common stock
118

 
118

 
148

 
148

          Undistributed losses
$
(1,360
)
 
$
(1,360
)
 
$
(482
)
 
$
(482
)
          Common stock undistributed losses
$
(1,166
)
 
$
(1,166
)
 
$
(401
)
 
$
(402
)
          Class B common stock undistributed losses
(194
)
 
(194
)
 
(81
)
 
(80
)
          Total undistributed losses
$
(1,360
)
 
$
(1,360
)
 
$
(482
)
 
$
(482
)
Denominator for basic and diluted EPS:
 
 
 
 
 
 
 
          Common stock weighted average shares
11,832

 
11,832

 
12,292

 
12,292

Class B common stock weighted average shares,
and shares under if-converted method for
diluted EPS
2,191

 
2,191

 
2,740

 
2,740

           Effect of dilutive stock options
 
 
117

 
 
 
133

Denominator for diluted EPS adjusted for weighted average shares and assumed conversions
 
 
14,140

 
 
 
15,165

Income (loss) from continuing operations per share:
 
 
 
 
 
 
 
Common stock
$
(0.01
)
 
$
(0.01
)
 
$
0.04

 
$
0.04

Class B common stock
$
(0.01
)
 
$
(0.01
)
 
$
0.04

 
$
0.04

Loss from discontinued operations per share:
 
 
 
 
 
 
 
Common stock
$
(0.03
)
 
$
(0.03
)
 
$
(0.01
)
 
$
(0.01
)
Class B common stock
$
(0.03
)
 
$
(0.03
)
 
$
(0.01
)
 
$
(0.01
)
Net income (loss) per share:
 
 
 
 
 
 
 
Common stock
$
(0.04
)
 
$
(0.04
)
 
$
0.03

 
$
0.03

Class B common stock
$
(0.04
)
 
$
(0.04
)
 
$
0.03

 
$
0.03


Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the third quarter of fiscal 2014 and fiscal 2013 were 512,064 and 282,564, respectively.
 
Nine Months Ended
 
March 1, 2014
 
March 2, 2013
 
Basic
 
Diluted
 
Basic
 
Diluted
 

 

 

 

Numerator for Basic and Diluted EPS:

 

 

 

          Income from continuing operations
$
2,498

 
$
2,498

 
$
1,901

 
$
1,901

          Less dividends:

 

 

 

              Common stock
2,143

 
2,143

 
2,233

 
2,233

              Class B common stock
370

 
370

 
452

 
452

          Undistributed losses
$
(15
)
 
$
(15
)
 
$
(784
)
 
$
(784
)
          Common stock undistributed losses
$
(13
)
 
$
(13
)
 
$
(652
)
 
$
(653
)
          Class B common stock undistributed losses
(2
)
 
(2
)
 
(132
)
 
(131
)
          Total undistributed losses
$
(15
)
 
$
(15
)
 
$
(784
)
 
$
(784
)
          Loss from discontinued operations
$
(532
)
 
$
(532
)
 
$
(472
)
 
$
(472
)
          Less dividends:

 

 

 

              Common stock
2,143

 
2,143

 
2,233

 
2,233

              Class B common stock
370

 
370

 
452

 
452

          Undistributed losses
$
(3,045
)
 
$
(3,045
)
 
$
(3,157
)
 
$
(3,157
)
          Common stock undistributed losses
$
(2,600
)
 
$
(2,604
)
 
$
(2,624
)
 
$
(2,629
)
          Class B common stock undistributed losses
(445
)
 
(441
)
 
(533
)
 
(528
)
          Total undistributed losses
$
(3,045
)
 
$
(3,045
)
 
$
(3,157
)
 
$
(3,157
)
          Net income
$
1,966

 
$
1,966

 
$
1,429

 
$
1,429

          Less dividends:

 

 

 

             Common stock
2,143

 
2,143

 
2,233

 
2,233

             Class B common stock
370

 
370

 
452

 
452

          Undistributed losses
$
(547
)
 
$
(547
)
 
$
(1,256
)
 
$
(1,256
)
          Common stock undistributed losses
$
(467
)
 
$
(468
)
 
$
(1,044
)
 
$
(1,046
)
          Class B common stock undistributed losses
(80
)
 
(79
)
 
(212
)
 
(210
)
          Total undistributed losses
$
(547
)
 
$
(547
)
 
$
(1,256
)
 
$
(1,256
)
Denominator for basic and diluted EPS:

 

 

 

          Common stock weighted average shares
11,942

 
11,942

 
12,500

 
12,500

Class B common stock weighted average shares,
and shares under if-converted method for
diluted EPS
2,270

 
2,270

 
2,822

 
2,822

           Effect of dilutive securities Dilutive stock options

 
123

 

 
133

Denominator for diluted EPS adjusted for weighted average shares and assumed conversions

 
14,335

 

 
15,455

Income from continuing operations per share:

 

 

 

Common stock
$
0.18

 
$
0.17

 
$
0.13

 
$
0.12

Class B common stock
$
0.16

 
$
0.16

 
$
0.11

 
$
0.11

Loss from discontinued operations per share:

 

 

 

Common stock
$
(0.04
)
 
$
(0.04
)
 
$
(0.03
)
 
$
(0.03
)
Class B common stock
$
(0.03
)
 
$
(0.03
)
 
$
(0.03
)
 
$
(0.03
)
Net income per share:


 

 

 

Common stock
$
0.14

 
$
0.13

 
$
0.10

 
$
0.09

Class B common stock
$
0.13

 
$
0.13

 
$
0.08

 
$
0.08

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first nine months of fiscal 2014 and fiscal 2013 were 512,064 and 282,564, respectively.