CALCULATION OF EARNINGS PER SHARE (Tables)

6 Months Ended

Nov. 26, 2016

Earnings Per Share [Abstract]

Calculation of earnings per share

The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive loss are based on the following amounts (in thousands, except per share amounts):

	Three Months Ended
	November 26, 2016						November 28, 2015
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(2,522	)	$	(2,522	)	$	(2,286	)	$	(2,286	)
Less dividends:
Common stock		641			641			641			641
Class B common stock		116			116			116			116
Undistributed losses	$	(3,279	)	$	(3,279	)	$	(3,043	)	$	(3,043	)
Common stock undistributed losses	$	(2,779	)	$	(2,779	)	$	(2,580	)	$	(2,580	)
Class B common stock undistributed losses		(500	)		(500	)		(463	)		(463	)
Total undistributed losses	$	(3,279	)	$	(3,279	)	$	(3,043	)	$	(3,043	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,703			10,703			10,742			10,742
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,141			2,141			2,141			2,141
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,844						12,883
Net loss per share:
Common stock	$	(0.20	)	$	(0.20	)	$	(0.18	)	$	(0.18	)
Class B common stock	$	(0.18	)	$	(0.18	)	$	(0.16	)	$	(0.16	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the second quarter of fiscal 2017 and fiscal 2016 were 893 and 824, respectively. 

	Six Months Ended
	November 26, 2016						November 28, 2015
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(5,372	)	$	(5,372	)	$	(3,685	)	$	(3,685	)
Less dividends:
Common stock		1,283			1,283			1,331			1,331
Class B common stock		232			232			232			232
Undistributed losses	$	(6,887	)	$	(6,887	)	$	(5,248	)	$	(5,248	)
Common stock undistributed losses	$	(5,836	)	$	(5,836	)	$	(4,473	)	$	(4,473	)
Class B common stock undistributed losses		(1,051	)		(1,051	)		(775	)		(775	)
Total undistributed losses	$	(6,887	)	$	(6,887	)	$	(5,248	)	$	(5,248	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,703			10,703			11,114			11,114
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,141			2,141			2,141			2,141
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,844						13,255
Net loss per share:
Common stock	$	(0.43	)	$	(0.43	)	$	(0.28	)	$	(0.28	)
Class B common stock	$	(0.38	)	$	(0.38	)	$	(0.25	)	$	(0.25	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first six months of fiscal 2017 and fiscal 2016 were 893 and 805, respectively.