CALCULATION OF EARNINGS PER SHARE (Tables)

9 Months Ended

Mar. 03, 2018

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
	March 3, 2018						February 25, 2017
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Income (loss) from continuing operations	$	527		$	527		$	(1,431	)	$	(1,431	)
Less dividends:
Common stock		648			648			642			642
Class B common stock		115			115			116			116
Undistributed losses	$	(236	)	$	(236	)	$	(2,189	)	$	(2,189	)
Common stock undistributed losses	$	(200	)	$	(200	)	$	(1,855	)	$	(1,855	)
Class B common stock undistributed losses		(36	)		(36	)		(334	)		(334	)
Total undistributed losses	$	(236	)	$	(236	)	$	(2,189	)	$	(2,189	)
Income from discontinued operations	$	—		$	—		$	—		$	—
Less dividends:
Common stock		—			—			—			—
Class B common stock		—			—			—			—
Undistributed losses	$	—		$	—		$	—		$	—
Common stock undistributed losses	$	—		$	—		$	—		$	—
Class B common stock undistributed losses		—			—			—			—
Total undistributed losses	$	—		$	—		$	—		$	—
Net income (loss)	$	527		$	527		$	(1,431	)	$	(1,431	)
Less dividends:
Common stock		648			648			642			642
Class B common stock		115			115			116			116
Undistributed losses	$	(236	)	$	(236	)	$	(2,189	)	$	(2,189	)
Common stock undistributed losses	$	(200	)	$	(200	)	$	(1,855	)	$	(1,855	)
Class B common stock undistributed losses		(36	)		(36	)		(334	)		(334	)
Total undistributed losses	$	(236	)	$	(236	)	$	(2,189	)	$	(2,189	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,792			10,792			10,706			10,706
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					80						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					13,009						12,847
Income (loss) from continuing operations per share:
Common stock	$	0.04		$	0.04		$	(0.11	)	$	(0.11	)
Class B common stock	$	0.04		$	0.04		$	(0.10	)	$	(0.10	)
Income from discontinued operations per share:
Common stock	$	—		$	—		$	—		$	—
Class B common stock	$	—		$	—		$	—		$	—
Net income (loss) per share:
Common stock	$	0.04		$	0.04		$	(0.11	)	$	(0.11	)
Class B common stock	$	0.04		$	0.04		$	(0.10	)	$	(0.10	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the third quarter of fiscal 2017 was 853.

	Nine Months Ended
	March 3, 2018						February 25, 2017
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Income (loss) from continuing operations	$	587		$	587		$	(6,803	)	$	(6,803	)
Less dividends:
Common stock		1,938			1,938			1,925			1,925
Class B common stock		346			346			348			348
Undistributed losses	$	(1,697	)	$	(1,697	)	$	(9,076	)	$	(9,076	)
Common stock undistributed losses	$	(1,440	)	$	(1,440	)	$	(7,691	)	$	(7,691	)
Class B common stock undistributed losses		(257	)		(257	)		(1,385	)		(1,385	)
Total undistributed losses	$	(1,697	)	$	(1,697	)	$	(9,076	)	$	(9,076	)
Income from discontinued operations	$	1,496		$	1,496		$	—		$	—
Less dividends:
Common stock		1,938			1,938			—			—
Class B common stock		346			346			—			—
Undistributed losses	$	(788	)	$	(788	)	$	—		$	—
Common stock undistributed losses	$	(668	)	$	(668	)	$	—		$	—
Class B common stock undistributed losses		(120	)		(120	)		—			—
Total undistributed losses	$	(788	)	$	(788	)	$	—		$	—
Net income (loss)	$	2,083		$	2,083		$	(6,803	)	$	(6,803	)
Less dividends:
Common stock		1,938			1,938			1,925			1,925
Class B common stock		346			346			348			348
Undistributed losses	$	(201	)	$	(201	)	$	(9,076	)	$	(9,076	)
Common stock undistributed losses	$	(171	)	$	(171	)	$	(7,691	)	$	(7,691	)
Class B common stock undistributed losses		(30	)		(30	)		(1,385	)		(1,385	)
Total undistributed losses	$	(201	)	$	(201	)	$	(9,076	)	$	(9,076	)
Denominator for basic and diluted EPS:
Common stock weighted average shares		10,753			10,753			10,704			10,704
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					40						—
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					12,930						12,845
Income (loss) from continuing operations per share:
Common stock	$	0.05		$	0.05		$	(0.54	)	$	(0.54	)
Class B common stock	$	0.04		$	0.04		$	(0.48	)	$	(0.48	)
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	$	0.17		$	0.17		$	(0.54	)	$	(0.54	)
Class B common stock	$	0.15		$	0.15		$	(0.48	)	$	(0.48	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first nine months of fiscal 2017 was 853.