Calculation of Earnings Per Share (Tables)

3 Months Ended

Aug. 31, 2019

Schedule of earnings per share, basic and diluted

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

	Three Months Ended
	August 31, 2019						September 1, 2018
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net income	$	157		$	157		$	431		$	431
Less dividends:
Common stock		662			662			648			648
Class B common stock		113			113			116			116
Undistributed losses	$	(618	)	$	(618	)	$	(333	)	$	(333	)
Common stock undistributed losses	$	(527	)	$	(527	)	$	(283	)	$	(283	)
Class B common stock undistributed losses		(91	)		(91	)		(50	)		(50	)
Total undistributed losses	$	(618	)	$	(618	)	$	(333	)	$	(333	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		10,990			10,990			10,829			10,829
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS		2,097			2,097			2,132			2,132
Effect of dilutive securities
Dilutive stock options					—						153
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions					13,087						13,114
Net income per share:
Common stock	$	0.01		$	0.01		$	0.03		$	0.03
Class B common stock	$	0.01		$	0.01		$	0.03		$	0.03

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first quarter of fiscal 2020 were 1,502.