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Note 4 - Diluted Net Income Per Share
 6 Months Ended
Nov. 30, 2014
Notes to Financial Statements  
Earnings Per Share [Text Block]
4.
Diluted Net Income Per Share
 
The following table calculates diluted net income per share (in thousands, except per share amounts):
 
   
Three Months Ended
November 30
,
2014
    
Three Months Ended
November 24,
2013
    
Six Months
Ended
November 30,
2014
    
Six Months
Ended
November 24,
2013
  
Numerator:
                                
Net income applicable to Common Stockholders
   $ 3,223     $ 3,451     $ 5,576     $ 8,203  
                                 
Denominator:
                                
Weighted average shares for basic net income per share
     26,864       26,571       26,852       26,512  
Effect of dilutive securities:
                                
Stock options and restricted stock units
     450       499       441       569  
Weighted average shares for diluted net income per share
     27,314       27,070       27,293       27,081  
                                 
Diluted net income per share
  $ 0.12     $ 0.13     $ 0.20     $ 0.30  
 
For the three months ended November 30, 2014 and November 24, 2013, the computation of the diluted net income per share excludes the impact of options to purchase 321,500 shares and 342,500 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.
 
For the six months ended November 30, 2014 and November 24, 2013, the computation of the diluted net income per share excludes the impact of options to purchase 329,056 shares and 273,882 shares of Common Stock, respectively, as such impacts would be antidilutive for these periods.