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CALCULATION OF EARNINGS PER SHARE (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Nov. 30, 2013 | Nov. 30, 2013
Earnings per share | The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive income are based on the following amounts (in thousands, except per share amounts):
| For the Three Months Ended
| November 30, 2013 |  | December 1, 2012
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Income from continuing operations | $ | 631 |  |  | $ | 631 |  |  | $ | 581 |  |  | $ | 581 |
Less dividends: |  |  |  |  |  |  |
Common stock | 710 |  |  | 710 |  |  | 737 |  |  | 737 |
Class B common stock | 118 |  |  | 118 |  |  | 148 |  |  | 148 |
Undistributed losses | $ | (197 | ) |  | $ | (197 | ) |  | $ | (304 | ) |  | $ | (304 | )
Common stock undistributed losses | $ | (169 | ) |  | $ | (169 | ) |  | $ | (253 | ) |  | $ | (253 | )
Class B common stock undistributed losses | (28 | ) |  | (28 | ) |  | (51 | ) |  | (51 | )
Total undistributed losses | $ | (197 | ) |  | $ | (197 | ) |  | $ | (304 | ) |  | $ | (304 | )
Loss from discontinued operations | $ | (107 | ) |  | $ | (107 | ) |  | $ | (203 | ) |  | $ | (203 | )
Less dividends: |  |  |  |  |  |  |
Common stock | 710 |  |  | 710 |  |  | 737 |  |  | 737 |
Class B common stock | 118 |  |  | 118 |  |  | 148 |  |  | 148 |
Undistributed losses | $ | (935 | ) |  | $ | (935 | ) |  | $ | (1,088 | ) |  | $ | (1,088 | )
Common stock undistributed losses | $ | (802 | ) |  | $ | (803 | ) |  | $ | (904 | ) |  | $ | (905 | )
Class B common stock undistributed losses | (133 | ) |  | (132 | ) |  | (184 | ) |  | (183 | )
Total undistributed losses | $ | (935 | ) |  | $ | (935 | ) |  | $ | (1,088 | ) |  | $ | (1,088 | )
Net income | $ | 524 |  |  | $ | 524 |  |  | $ | 378 |  |  | $ | 378 |
Less dividends: |  |  |  |  |  |  |
Common stock | 710 |  |  | 710 |  |  | 737 |  |  | 737 |
Class B common stock | 118 |  |  | 118 |  |  | 148 |  |  | 148 |
Undistributed losses | $ | (304 | ) |  | $ | (304 | ) |  | $ | (507 | ) |  | $ | (507 | )
Common stock undistributed losses | $ | (261 | ) |  | $ | (261 | ) |  | $ | (421 | ) |  | $ | (422 | )
Class B common stock undistributed losses | (43 | ) |  | (43 | ) |  | (86 | ) |  | (85 | )
Total undistributed losses | $ | (304 | ) |  | $ | (304 | ) |  | $ | (507 | ) |  | $ | (507 | )
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Common stock weighted average shares | 11,871 |  |  | 11,871 |  |  | 12,437 |  |  | 12,437 |
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS | 2,191 |  |  | 2,191 |  |  | 2,812 |  |  | 2,812 |
Effect of dilutive stock options |  |  | 123 |  |  |  |  | 96 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions |  |  | 14,185 |  |  |  |  | 15,345 |
Income from continuing operations per share: |  |  |  |  |  |  |
Common stock | $ | 0.05 |  |  | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | 0.04 |
Class B common stock | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | 0.03 |
Loss from discontinued operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )
Class B common stock | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )
Net income per share: |  |  |  |  |  |  |
Common stock | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.03 |
Class B common stock | $ | 0.03 |  |  | $ | 0.03 |  |  | $ | 0.02 |  |  | $ | 0.02 |
Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the second quarter of fiscal 2014 and fiscal 2013 were 512,064 and 477,064, respectively. |
| Six Months Ended
| November 30, 2013 |  | December 1, 2012
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Income from continuing operations | $ | 2,610 |  |  | $ | 2,610 |  |  | $ | 1,315 |  |  | $ | 1,315 |
Less dividends: |  |  |  |  |  |  |
Common stock | 1,433 |  |  | 1,433 |  |  | 1,495 |  |  | 1,495 |
Class B common stock | 252 |  |  | 252 |  |  | 304 |  |  | 304 |
Undistributed earnings (losses) | $ | 925 |  |  | $ | 925 |  |  | $ | (484 | ) |  | $ | (484 | )
Common stock undistributed earnings (losses) | $ | 788 |  |  | $ | 790 |  |  | $ | (402 | ) |  | $ | (402 | )
Class B common stock undistributed earnings (losses) | 137 |  |  | 135 |  |  | (82 | ) |  | (82 | )
Total undistributed earnings (losses) | $ | 925 |  |  | $ | 925 |  |  | $ | (484 | ) |  | $ | (484 | )
Loss from discontinued operations | $ | (118 | ) |  | $ | (118 | ) |  | $ | (290 | ) |  | $ | (290 | )
Less dividends: |  |  |  |  |  |  |
Common stock | 1,433 |  |  | 1,433 |  |  | 1,495 |  |  | 1,495 |
Class B common stock | 252 |  |  | 252 |  |  | 304 |  |  | 304 |
Undistributed losses | $ | (1,803 | ) |  | $ | (1,803 | ) |  | $ | (2,089 | ) |  | $ | (2,089 | )
Common stock undistributed losses | $ | (1,537 | ) |  | $ | (1,539 | ) |  | $ | (1,734 | ) |  | $ | (1,737 | )
Class B common stock undistributed losses | (266 | ) |  | (264 | ) |  | (355 | ) |  | (352 | )
Total undistributed losses | $ | (1,803 | ) |  | $ | (1,803 | ) |  | $ | (2,089 | ) |  | $ | (2,089 | )
Net income | $ | 2,492 |  |  | $ | 2,492 |  |  | $ | 1,025 |  |  | $ | 1,025 |
Less dividends: |  |  |  |  |  |  |
Common stock | 1,433 |  |  | 1,433 |  |  | 1,495 |  |  | 1,495 |
Class B common stock | 252 |  |  | 252 |  |  | 304 |  |  | 304 |
Undistributed earnings (losses) | $ | 807 |  |  | $ | 807 |  |  | $ | (774 | ) |  | $ | (774 | )
Common stock undistributed earnings (losses) | $ | 688 |  |  | $ | 689 |  |  | $ | (643 | ) |  | $ | (643 | )
Class B common stock undistributed earnings (losses) | 119 |  |  | 118 |  |  | (131 | ) |  | (131 | )
Total undistributed earnings (losses) | $ | 807 |  |  | $ | 807 |  |  | $ | (774 | ) |  | $ | (774 | )
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Common stock weighted average shares | 11,997 |  |  | 11,997 |  |  | 12,604 |  |  | 12,604 |
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS | 2,309 |  |  | 2,309 |  |  | 2,863 |  |  | 2,863 |
Effect of dilutive securities Dilutive stock options |  |  | 127 |  |  |  |  | 100 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions |  |  | 14,433 |  |  |  |  | 15,567 |
Income from continuing operations per share: |  |  |  |  |  |  |
Common stock | $ | 0.19 |  |  | $ | 0.18 |  |  | $ | 0.09 |  |  | $ | 0.08 |
Class B common stock | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.08 |  |  | $ | 0.08 |
Loss from discontinued operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.02 | ) |  | $ | (0.02 | )
Class B common stock | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.02 | ) |  | $ | (0.02 | )
Net income per share: |  |  |  |  |  |  |  |
Common stock | $ | 0.18 |  |  | $ | 0.17 |  |  | $ | 0.07 |  |  | $ | 0.06 |
Class B common stock | $ | 0.16 |  |  | $ | 0.16 |  |  | $ | 0.06 |  |  | $ | 0.06 |
Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first six months of fiscal 2014 and fiscal 2013 were 487,064 and 267,564, respectively.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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