CALCULATION OF EARNINGS PER SHARE (Tables)

6 Months Ended

Dec. 02, 2017

Earnings Per Share [Abstract]

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):

	Three Months Ended
	December 2, 2017						November 26, 2016
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Income (loss) from continuing operations	$	172		$	172		$	(2,522	)	$	(2,522	)
Less dividends:
Common stock		647			647			641			641
Class B common stock		116			116			116			116
Undistributed losses	$	(591	)	$	(591	)	$	(3,279	)	$	(3,279	)
Common stock undistributed losses	$	(501	)	$	(501	)	$	(2,779	)	$	(2,779	)
Class B common stock undistributed losses		(90	)		(90	)		(500	)		(500	)
Total undistributed losses	$	(591	)	$	(591	)	$	(3,279	)	$	(3,279	)
Income from discontinued operations	$	1,496		$	1,496		$	—		$	—
Less dividends:
Common stock		647			647			—			—
Class B common stock		116			116			—			—
Undistributed earnings	$	733		$	733		$	—		$	—
Common stock undistributed earnings	$	622		$	622			—			—
Class B common stock undistributed earnings		111			111			—			—
Total undistributed earnings	$	733		$	733		$	—		$	—
Net income (loss)	$	1,668		$	1,668		$	(2,522	)	$	(2,522	)
Less dividends:
Common stock		647			647			641			641
Class B common stock		116			116			116			116
Undistributed earnings (losses)	$	905		$	905		$	(3,279	)	$	(3,279	)
Common stock undistributed earnings (losses)	$	768		$	768		$	(2,779	)	$	(2,779	)
Class B common stock undistributed earnings (losses)		137			137			(500	)		(500	)
Total undistributed earnings (losses)	$	905		$	905		$	(3,279	)	$	(3,279	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,755			10,755			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					34						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,926						12,844
Income (loss) from continuing operations per share:
Common stock	$	0.01		$	0.01		$	(0.20	)	$	(0.20	)
Class B common stock	$	0.01		$	0.01		$	(0.18	)	$	(0.18	)
Income from discontinued operations per share:
Common stock	$	0.12		$	0.12		$	—		$	—
Class B common stock	$	0.11		$	0.11		$	—		$	—
Net income (loss) per share:
Common stock	$	0.13		$	0.13		$	(0.20	)	$	(0.20	)
Class B common stock	$	0.12		$	0.12		$	(0.18	)	$	(0.18	)

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

	Six Months Ended
	December 2, 2017						November 26, 2016
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Income (loss) from continuing operations	$	60		$	60		$	(5,372	)	$	(5,372	)
Less dividends:
Common stock		1,290			1,290			1,283			1,283
Class B common stock		231			231			232			232
Undistributed losses	$	(1,461	)	$	(1,461	)	$	(6,887	)	$	(6,887	)
Common stock undistributed losses	$	(1,239	)	$	(1,239	)	$	(5,836	)	$	(5,836	)
Class B common stock undistributed losses		(222	)		(222	)		(1,051	)		(1,051	)
Total undistributed losses	$	(1,461	)	$	(1,461	)	$	(6,887	)	$	(6,887	)
Income from discontinued operations	$	1,496		$	1,496		$	—		$	—
Less dividends:
Common stock		1,290			1,290			—			—
Class B common stock		231			231			—			—
Undistributed losses	$	(25	)	$	(25	)	$	—		$	—
Common stock undistributed losses	$	(21	)	$	(21	)	$	—		$	—
Class B common stock undistributed losses		(4	)		(4	)		—			—
Total undistributed losses	$	(25	)	$	(25	)	$	—		$	—
Net income (loss)	$	1,556		$	1,556		$	(5,372	)	$	(5,372	)
Less dividends:
Common stock		1,290			1,290			1,283			1,283
Class B common stock		231			231			232			232
Undistributed earnings (losses)	$	35		$	35		$	(6,887	)	$	(6,887	)
Common stock undistributed earnings (losses)	$	30		$	30		$	(5,836	)	$	(5,836	)
Class B common stock undistributed earnings (losses)		5			5			(1,051	)		(1,051	)
Total undistributed earnings (losses)	$	35		$	35		$	(6,887	)	$	(6,887	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,734			10,734			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					30						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,901						12,844
Income (loss) from continuing operations per share:
Common stock	$	—		$	—		$	(0.43	)	$	(0.43	)
Class B common stock	$	—		$	—		$	(0.38	)	$	(0.38	)
Income from discontinued operations per share:
Common stock	$	0.12		$	0.12		$	—		$	—
Class B common stock	$	0.11		$	0.11		$	—		$	—
Net income (loss) per share:
Common stock	$	0.12		$	0.12		$	(0.43	)	$	(0.43	)
Class B common stock	$	0.11		$	0.11		$	(0.38	)	$	(0.38	)

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 was 893.