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CALCULATION OF EARNINGS PER SHARE (Tables)
3 Months Ended
Aug. 30, 2014
Earnings per share
The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive income (loss) are based on the following amounts (in thousands, except per share amounts):
 
For the Three Months Ended
 
August 30, 2014
 
August 31, 2013
 
Basic
 
Diluted
 
Basic
 
Diluted
 
 
 
 
 
 
 
 
Numerator for Basic and Diluted EPS:
 
 
 
 
 
 
 
          Income (loss) from continuing operations
$
(83
)
 
$
(83
)
 
$
1,979

 
$
1,979

          Less dividends:
 
 
 
 
 
 
 
              Common stock
710

 
710

 
723

 
723

              Class B common stock
118

 
118

 
134

 
134

          Undistributed earnings (losses)
$
(911
)
 
$
(911
)
 
$
1,122

 
$
1,122

          Common stock undistributed earnings (losses)
$
(781
)
 
$
(781
)
 
$
951

 
$
952

          Class B common stock undistributed earnings (losses)
(130
)
 
(130
)
 
171

 
170

          Total undistributed earnings (losses)
$
(911
)
 
$
(911
)
 
$
1,122

 
$
1,122

          Loss from discontinued operations
$

 
$

 
$
(11
)
 
$
(11
)
          Less dividends:
 
 
 
 
 
 
 
              Common stock
710

 
710

 
723

 
723

              Class B common stock
118

 
118

 
134

 
134

          Undistributed losses
$
(828
)
 
$
(828
)
 
$
(868
)
 
$
(868
)
          Common stock undistributed losses
$
(710
)
 
$
(710
)
 
$
(735
)
 
$
(737
)
          Class B common stock undistributed losses
(118
)
 
(118
)
 
(133
)
 
(131
)
          Total undistributed losses
$
(828
)
 
$
(828
)
 
$
(868
)
 
$
(868
)
          Net income (loss)
$
(83
)
 
$
(83
)
 
$
1,968

 
$
1,968

          Less dividends:
 
 
 
 
 
 
 
             Common stock
710

 
710

 
723

 
723

             Class B common stock
118

 
118

 
134

 
134

          Undistributed earnings (losses)
$
(911
)
 
$
(911
)
 
$
1,111

 
$
1,111

          Common stock undistributed earnings (losses)
$
(781
)
 
$
(781
)
 
$
941

 
$
943

          Class B common stock undistributed earnings (losses)
(130
)
 
(130
)
 
170

 
168

          Total undistributed earnings (losses)
$
(911
)
 
$
(911
)
 
$
1,111

 
$
1,111

Denominator for basic and diluted EPS:
 
 
 
 
 
 
 
          Common stock weighted average shares
11,822

 
11,822

 
12,127

 
12,127

Class B common stock weighted average shares,
and shares under if-converted method for
diluted EPS
2,182

 
2,182

 
2,428

 
2,428

           Effect of dilutive stock options
 
 

 
 
 
133

Denominator for diluted EPS adjusted for weighted average shares and assumed conversions
 
 
14,004

 
 
 
14,688

Income (loss) from continuing operations per share:
 
 
 
 
 
 
 
Common stock
$
(0.01
)
 
$
(0.01
)
 
$
0.14

 
$
0.13

Class B common stock
$
(0.01
)
 
$
(0.01
)
 
$
0.13

 
$
0.13

Income (loss) from discontinued operations per share:
 
 
 
 
 
 
 
Common stock
$

 
$

 
$

 
$

Class B common stock
$

 
$

 
$

 
$

Net income (loss) per share:
 
 
 
 
 
 
 
Common stock
$
(0.01
)
 
$
(0.01
)
 
$
0.14

 
$
0.13

Class B common stock
$
(0.01
)
 
$
(0.01
)
 
$
0.13

 
$
0.13


Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first quarter of fiscal 2015 and fiscal 2014 were 674,564 and 462,464, respectively.