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Note 7 - Earnings Per Share
 6 Months Ended
Aug. 26, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
7
.     
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
    
26 Weeks Ended
  
   
August 26,
2018
    
August 27,
2017
    
August 26,
2018
    
August 27,
2017
  
                                 
Net earnings - continuing operations
  
$
1,824
   
$
859
   
$
2,640
   
$
931
 
Net earnings - discontinued operations
  
$
876
   
$
(339
)
  
$
3,228
   
$
983
 
Net earnings
  
$
2,700
   
$
520
   
$
5,868
   
$
1,914
 
                                 
Weighted average common shares outstanding for basic EPS
    
20,253
      
20,236
      
20,248
      
20,236
  
Net effect of dilutive options
    
129
      
14
      
91
      
11
  
Weighted average shares outstanding for diluted EPS
  
 
20,382
   
 
20,250
   
 
20,339
   
 
20,247
 
                                 
Basic earnings per share - continuing operations
  
 
0.09
   
 
0.04
   
 
0.13
   
 
0.04
 
Basic earnings per share - discontinued operations
  
 
0.04
   
 
(0.01
)
  
 
0.16
   
 
0.05
 
Basic earnings per share
  
$
0.13
   
$
0.03
   
$
0.29
   
$
0.09
 
                                 
Diluted earnings per share - continuing operations
    
0.09
      
0.04
      
0.13
      
0.04
  
Diluted earnings per share - discontinued operations
    
0.04
      
(0.01
)
    
0.16
      
0.05
  
Diluted earnings per share
  
$
0.13
   
$
0.03
   
$
0.29
   
$
0.09
 
 
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
146,000
and
713,000
for the
13
weeks ended
August 26, 2018
and
August 27, 2017,
respectively, and
345,000
and
793,000
for the
26
weeks ended
August 26, 2018
and
August 27, 2017,
respectively.