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Note 5 - Diluted Net Income Per Share
 6 Months Ended
Nov. 25, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
5
.
Diluted Net Income Per Share
 
 
The following table sets forth the computation of diluted net (loss) income per share (in thousands, except per share amounts):
 
   
Three Months Ended
    
Six Months Ended
  
   
November 25, 2018
    
November 26, 2017
    
November 25, 2018
    
November 26, 2017
  
Numerator:
                                
Net (loss) income applicable to Common Stockholders
   $
(584
 )   $
487
     $
(395
 )   $
2,633
  
Denominator:
                                
Weighted average shares for basic net income per share
    
27,764
      
27,518
      
27,751
      
27,512
  
Effect of dilutive securities:
                                
Stock options and restricted stock units
    
—
      
357
      
—
      
354
  
Weighted average shares for diluted net income per share
    
27,764
      
27,875
      
27,751
      
27,866
  
                                 
Diluted net (loss) income per share
   $
(0.02
 )   $
0.02
     $
(0.01
 )   $
0.10
  
 
Due to the Company’s net loss for the
three
and
six
months ended
November 25, 2018,
the net loss per share includes only weighted average shares outstanding and thus excludes
1.5
million and
1.4
million, respectively, of outstanding options and RSUs as such impacts would be antidilutive for these periods.
 
For the
three
and
six
months ended
November 26, 2017,
the computation of the diluted net income per share excludes the impact of options to purchase
1.3
million and
1.4
million shares, respectively, of Common Stock as such impacts would be antidilutive for those periods.