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CALCULATION OF EARNINGS PER SHARE (Tables) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Mar. 01, 2014 | Mar. 01, 2014
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):
| Three Months Ended
| March 1, 2014 |  | March 2, 2013
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | (112 | ) |  | $ | (112 | ) |  | $ | 586 |  |  | $ | 586 |
Less dividends: |  |  |  |  |  |  |
Common stock | 710 |  |  | 710 |  |  | 738 |  |  | 738 |
Class B common stock | 118 |  |  | 118 |  |  | 148 |  |  | 148 |
Undistributed losses | $ | (940 | ) |  | $ | (940 | ) |  | $ | (300 | ) |  | $ | (300 | )
Common stock undistributed losses | $ | (806 | ) |  | $ | (806 | ) |  | $ | (250 | ) |  | $ | (250 | )
Class B common stock undistributed losses | (134 | ) |  | (134 | ) |  | (50 | ) |  | (50 | )
Total undistributed losses | $ | (940 | ) |  | $ | (940 | ) |  | $ | (300 | ) |  | $ | (300 | )
Loss from discontinued operations | $ | (420 | ) |  | $ | (420 | ) |  | $ | (182 | ) |  | $ | (182 | )
Less dividends: |  |  |  |  |  |  |
Common stock | 710 |  |  | 710 |  |  | 738 |  |  | 738 |
Class B common stock | 118 |  |  | 118 |  |  | 148 |  |  | 148 |
Undistributed losses | $ | (1,248 | ) |  | $ | (1,248 | ) |  | $ | (1,068 | ) |  | $ | (1,068 | )
Common stock undistributed losses | $ | (1,070 | ) |  | $ | (1,070 | ) |  | $ | (890 | ) |  | $ | (891 | )
Class B common stock undistributed losses | (178 | ) |  | (178 | ) |  | (178 | ) |  | (177 | )
Total undistributed losses | $ | (1,248 | ) |  | $ | (1,248 | ) |  | $ | (1,068 | ) |  | $ | (1,068 | )
Net income (loss) | $ | (532 | ) |  | $ | (532 | ) |  | $ | 404 |  |  | $ | 404 |
Less dividends: |  |  |  |  |  |  |
Common stock | 710 |  |  | 710 |  |  | 738 |  |  | 738 |
Class B common stock | 118 |  |  | 118 |  |  | 148 |  |  | 148 |
Undistributed losses | $ | (1,360 | ) |  | $ | (1,360 | ) |  | $ | (482 | ) |  | $ | (482 | )
Common stock undistributed losses | $ | (1,166 | ) |  | $ | (1,166 | ) |  | $ | (401 | ) |  | $ | (402 | )
Class B common stock undistributed losses | (194 | ) |  | (194 | ) |  | (81 | ) |  | (80 | )
Total undistributed losses | $ | (1,360 | ) |  | $ | (1,360 | ) |  | $ | (482 | ) |  | $ | (482 | )
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Common stock weighted average shares | 11,832 |  |  | 11,832 |  |  | 12,292 |  |  | 12,292 |
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS | 2,191 |  |  | 2,191 |  |  | 2,740 |  |  | 2,740 |
Effect of dilutive stock options |  |  | 117 |  |  |  |  | 133 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions |  |  | 14,140 |  |  |  |  | 15,165 |
Income (loss) from continuing operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | 0.04 |  |  | $ | 0.04 |
Class B common stock | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | 0.04 |  |  | $ | 0.04 |
Loss from discontinued operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.03 | ) |  | $ | (0.03 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )
Class B common stock | $ | (0.03 | ) |  | $ | (0.03 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )
Net income (loss) per share: |  |  |  |  |  |  |
Common stock | $ | (0.04 | ) |  | $ | (0.04 | ) |  | $ | 0.03 |  |  | $ | 0.03 |
Class B common stock | $ | (0.04 | ) |  | $ | (0.04 | ) |  | $ | 0.03 |  |  | $ | 0.03 |
Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the third quarter of fiscal 2014 and fiscal 2013 were 512,064 and 282,564, respectively. |
| Nine Months Ended
| March 1, 2014 |  | March 2, 2013
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Income from continuing operations | $ | 2,498 |  |  | $ | 2,498 |  |  | $ | 1,901 |  |  | $ | 1,901 |
Less dividends: |  |  |  |  |  |  |
Common stock | 2,143 |  |  | 2,143 |  |  | 2,233 |  |  | 2,233 |
Class B common stock | 370 |  |  | 370 |  |  | 452 |  |  | 452 |
Undistributed losses | $ | (15 | ) |  | $ | (15 | ) |  | $ | (784 | ) |  | $ | (784 | )
Common stock undistributed losses | $ | (13 | ) |  | $ | (13 | ) |  | $ | (652 | ) |  | $ | (653 | )
Class B common stock undistributed losses | (2 | ) |  | (2 | ) |  | (132 | ) |  | (131 | )
Total undistributed losses | $ | (15 | ) |  | $ | (15 | ) |  | $ | (784 | ) |  | $ | (784 | )
Loss from discontinued operations | $ | (532 | ) |  | $ | (532 | ) |  | $ | (472 | ) |  | $ | (472 | )
Less dividends: |  |  |  |  |  |  |
Common stock | 2,143 |  |  | 2,143 |  |  | 2,233 |  |  | 2,233 |
Class B common stock | 370 |  |  | 370 |  |  | 452 |  |  | 452 |
Undistributed losses | $ | (3,045 | ) |  | $ | (3,045 | ) |  | $ | (3,157 | ) |  | $ | (3,157 | )
Common stock undistributed losses | $ | (2,600 | ) |  | $ | (2,604 | ) |  | $ | (2,624 | ) |  | $ | (2,629 | )
Class B common stock undistributed losses | (445 | ) |  | (441 | ) |  | (533 | ) |  | (528 | )
Total undistributed losses | $ | (3,045 | ) |  | $ | (3,045 | ) |  | $ | (3,157 | ) |  | $ | (3,157 | )
Net income | $ | 1,966 |  |  | $ | 1,966 |  |  | $ | 1,429 |  |  | $ | 1,429 |
Less dividends: |  |  |  |  |  |  |
Common stock | 2,143 |  |  | 2,143 |  |  | 2,233 |  |  | 2,233 |
Class B common stock | 370 |  |  | 370 |  |  | 452 |  |  | 452 |
Undistributed losses | $ | (547 | ) |  | $ | (547 | ) |  | $ | (1,256 | ) |  | $ | (1,256 | )
Common stock undistributed losses | $ | (467 | ) |  | $ | (468 | ) |  | $ | (1,044 | ) |  | $ | (1,046 | )
Class B common stock undistributed losses | (80 | ) |  | (79 | ) |  | (212 | ) |  | (210 | )
Total undistributed losses | $ | (547 | ) |  | $ | (547 | ) |  | $ | (1,256 | ) |  | $ | (1,256 | )
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Common stock weighted average shares | 11,942 |  |  | 11,942 |  |  | 12,500 |  |  | 12,500 |
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS | 2,270 |  |  | 2,270 |  |  | 2,822 |  |  | 2,822 |
Effect of dilutive securities Dilutive stock options |  |  | 123 |  |  |  |  | 133 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions |  |  | 14,335 |  |  |  |  | 15,455 |
Income from continuing operations per share: |  |  |  |  |  |  |
Common stock | $ | 0.18 |  |  | $ | 0.17 |  |  | $ | 0.13 |  |  | $ | 0.12 |
Class B common stock | $ | 0.16 |  |  | $ | 0.16 |  |  | $ | 0.11 |  |  | $ | 0.11 |
Loss from discontinued operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.04 | ) |  | $ | (0.04 | ) |  | $ | (0.03 | ) |  | $ | (0.03 | )
Class B common stock | $ | (0.03 | ) |  | $ | (0.03 | ) |  | $ | (0.03 | ) |  | $ | (0.03 | )
Net income per share: |  |  |  |  |  |  |  |
Common stock | $ | 0.14 |  |  | $ | 0.13 |  |  | $ | 0.10 |  |  | $ | 0.09 |
Class B common stock | $ | 0.13 |  |  | $ | 0.13 |  |  | $ | 0.08 |  |  | $ | 0.08 |
Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first nine months of fiscal 2014 and fiscal 2013 were 512,064 and 282,564, 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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