Calculation of Earnings Per Share (Tables)

6 Months Ended

Nov. 30, 2019

Earnings Per Share [Abstract]

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
	November 30, 2019						December 1, 2018
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(622	)	$	(622	)	$	(304	)	$	(304	)
Less dividends:
Common stock		662			662			658			658
Class B common stock		113			113			112			112
Undistributed losses	$	(1,397	)	$	(1,397	)	$	(1,074	)	$	(1,074	)
Common stock undistributed losses	$	(1,193	)	$	(1,193	)	$	(916	)	$	(916	)
Class B common stock undistributed losses		(204	)		(204	)		(158	)		(158	)
Total undistributed losses	$	(1,397	)	$	(1,397	)	$	(1,074	)	$	(1,074	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		11,038			11,038			10,952			10,952
Class B common stock weighted average shares, and    shares under if-converted method for diluted EPS		2,097			2,097			2,097			2,097
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted    average shares and assumed conversions					13,135						13,049
Net loss per share:
Common stock	$	(0.05	)	$	(0.05	)	$	(0.02	)	$	(0.02	)
Class B common stock	$	(0.04	)	$	(0.04	)	$	(0.02	)	$	(0.02	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the second quarter of fiscal 2020 and fiscal 2019 were 860 and 117, respectively.

	Six Months Ended
	November 30, 2019						December 1, 2018
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net (loss) income	$	(465	)	$	(465	)	$	127		$	127
Less dividends:
Common stock		1,324			1,324			1,306			1,306
Class B common stock		226			226			228			228
Undistributed losses	$	(2,015	)	$	(2,015	)	$	(1,407	)	$	(1,407	)
Common stock undistributed losses	$	(1,720	)	$	(1,720	)	$	(1,198	)	$	(1,200	)
Class B common stock undistributed losses		(295	)		(295	)		(209	)		(207	)
Total undistributed losses	$	(2,015	)	$	(2,015	)	$	(1,407	)	$	(1,407	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		11,014			11,014			10,890			10,890
Class B common stock weighted average shares, and    shares under if-converted method for diluted EPS		2,097			2,097			2,114			2,114
Effect of dilutive securities
Dilutive stock options					—						163
Denominator for diluted EPS adjusted for weighted    average shares and assumed conversions					13,111						13,167
Net (loss) income per share:
Common stock	$	(0.04	)	$	(0.04	)	$	0.01		$	0.01
Class B common stock	$	(0.03	)	$	(0.03	)	$	0.01		$	0.01

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first six months of fiscal 2020 were 916.