Calculation of Earnings Per Share (Tables)

9 Months Ended

Feb. 29, 2020

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
	February 29, 2020						March 2, 2019
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(93	)	$	(93	)	$	(1,078	)	$	(1,078	)
Less dividends:
Common stock		662			662			657			657
Class B common stock		114			114			114			114
Undistributed losses	$	(869	)	$	(869	)	$	(1,849	)	$	(1,849	)
Common stock undistributed losses	$	(742	)	$	(742	)	$	(1,577	)	$	(1,577	)
Class B common stock undistributed losses		(127	)		(127	)		(272	)		(272	)
Total undistributed losses	$	(869	)	$	(869	)	$	(1,849	)	$	(1,849	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		11,038			11,038			10,953			10,953
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						13,050
Net loss per share:
Common stock	$	(0.01	)	$	(0.01	)	$	(0.08	)	$	(0.08	)
Class B common stock	$	(0.01	)	$	(0.01	)	$	(0.08	)	$	(0.08	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the third quarter of fiscal 2020 and fiscal 2019 were 1,000 and 1,084, respectively.

	Nine Months Ended
	February 29, 2020						March 2, 2019
	Basic			Diluted			Basic			Diluted
Numerator for Basic and Diluted EPS:
Net loss	$	(558	)	$	(558	)	$	(951	)	$	(951	)
Less dividends:
Common stock		1,986			1,986			1,963			1,963
Class B common stock		340			340			342			342
Undistributed losses	$	(2,884	)	$	(2,884	)	$	(3,256	)	$	(3,256	)
Common stock undistributed losses	$	(2,462	)	$	(2,462	)	$	(2,774	)	$	(2,774	)
Class B common stock undistributed losses		(422	)		(422	)		(482	)		(482	)
Total undistributed losses	$	(2,884	)	$	(2,884	)	$	(3,256	)	$	(3,256	)
Denominator for Basic and Diluted EPS:
Common stock weighted average shares		11,022			11,022			10,911			10,911
Class B common stock weighted average shares, and    shares under if-converted method for diluted EPS		2,097			2,097			2,108			2,108
Effect of dilutive securities
Dilutive stock options					—						—
Denominator for diluted EPS adjusted for weighted    average shares and assumed conversions					13,119						13,019
Net loss per share:
Common stock	$	(0.04	)	$	(0.04	)	$	(0.07	)	$	(0.07	)
Class B common stock	$	(0.04	)	$	(0.04	)	$	(0.07	)	$	(0.07	)

Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first nine months of fiscal 2020 and fiscal 2019 were 943 and 918, respectively.