CALCULATION OF EARNINGS PER SHARE (Tables)

3 Months Ended

Aug. 29, 2015

Earnings Per Share [Abstract]

Calculation of 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 29, 2015						August 30, 2014
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(1,399	)	$	(1,399	)	$	(83	)	$	(83	)
Less dividends:
Common stock		690			690			710			710
Class B common stock		116			116			118			118
Undistributed losses	$	(2,205	)	$	(2,205	)	$	(911	)	$	(911	)
Common stock undistributed losses	$	(1,888	)	$	(1,888	)	$	(781	)	$	(781	)
Class B common stock undistributed losses		(317	)		(317	)		(130	)		(130	)
Total undistributed losses	$	(2,205	)	$	(2,205	)	$	(911	)	$	(911	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		11,486			11,486			11,822			11,822
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,141			2,141			2,182			2,182
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					13,627						14,004
Net loss per share:
Common stock	$	(0.10	)	$	(0.10	)	$	(0.01	)	$	(0.01	)
Class B common stock	$	(0.10	)	$	(0.10	)	$	(0.01	)	$	(0.01	)