EARNINGS PER SHARE

Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the

potentially dilutive securities outstanding during the period. Stock options are the only potentially dilutive securities that have been issued by the Company; and the number of dilutive options is computed using the treasury stock method.

The following table sets forth the calculation of basic and diluted earnings per share

	13 Weeks Ended				39 Weeks Ended
	November 26, 2017		November 27, 2016		November 26, 2017		November 27, 2016

Net earnings	$	716	$	1,875	$	2,630	$	6,806

Weighted average common shares outstanding for basic EPS		20,237		20,235		20,236		20,235
Net effect of dilutive options		24		-		16		-
Weighted average shares outstanding for diluted EPS		20,261		20,235		20,252		20,235

Basic earnings per share	$	0.04	$	0.09	$	0.13	$	0.34

Diluted earnings per share	$	0.04	$	0.09	$	0.13	$	0.34

Potentially dilutive securities, which were

not

included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive or the options

’ exercise prices were greater than the average market price of the common stock, were

599,000

and

882,000

for the

weeks ended

November 26, 2017

and

November 27, 2016,

respectively, and

728,000

and

929,000

for the

weeks ended

November 26, 2017

and

November 27, 2016,

respectively.