CALCULATION OF EARNINGS PER SHARE (Tables)

3 Months Ended

Sep. 02, 2017

Loss per share:

Schedule 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
	September 2, 2017						August 27, 2016
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(112	)	$	(112	)	$	(2,850	)	$	(2,850	)
Less dividends:
Common stock		643			643			641			641
Class B common stock		115			115			116			116
Undistributed losses	$	(870	)	$	(870	)	$	(3,607	)	$	(3,607	)
Common stock undistributed losses	$	(738	)	$	(738	)	$	(3,057	)	$	(3,057	)
Class B common stock undistributed losses		(132	)		(132	)		(550	)		(550	)
Total undistributed losses	$	(870	)	$	(870	)	$	(3,607	)	$	(3,607	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,712			10,712			10,703			10,703
Class B common stock weighted average shares, and shares under     if-converted method for diluted EPS		2,137			2,137			2,141			2,141
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,849						12,844
Net loss per share:
Common stock	$	(0.01	)	$	(0.01	)	$	(0.23	)	$	(0.23	)
Class B common stock	$	(0.01	)	$	(0.01	)	$	(0.20	)	$	(0.20	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first quarter of fiscal 2018 and fiscal 2017 were 920 and 838, respectively.