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Note 7 - Earnings Per Share
 6 Months Ended
Aug. 31, 2025
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; 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 31,
2025

    

September 1,
2024

    

August 31,
2025

    

September 1,
2024

  

Net earnings

   $ 2,404     $ 2,066     $ 4,484     $ 3,059  
                                 

Weighted average common shares outstanding for basic EPS 

     19,875       20,216       19,897       20,234  

Net effect of dilutive options

     111       75       80       97  

Weighted average shares outstanding for diluted EPS

     19,986       20,291       19,977       20,331  

Basic earnings per share

   $ 0.12     $ 0.10     $ 0.23     $ 0.15  

Diluted earnings per share

   $ 0.12     $ 0.10     $ 0.22     $ 0.15  

 

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 147,000 and 84,000 for the 13 weeks ended August 31, 2025 and September 1, 2024, respectively, and 241,000 and 42,000 for the 26 weeks ended August 31, 2025 and September 1, 2024, respectively.