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CALCULATION OF EARNINGS PER SHARE (Tables) | 6 Months Ended
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Nov. 29, 2014
Earnings per share | The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive income (loss) are based on the following amounts (in thousands, except per share amounts):
| For the Three Months Ended
| November 29, 2014 |  | November 30, 2013
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | (1,144 | ) |  | $ | (1,144 | ) |  | $ | 631 |  |  | $ | 631 |
Less dividends: |  |  |  |  |  |  |
Common stock | 701 |  |  | 701 |  |  | 710 |  |  | 710 |
Class B common stock | 116 |  |  | 116 |  |  | 118 |  |  | 118 |
Undistributed losses | $ | (1,961 | ) |  | $ | (1,961 | ) |  | $ | (197 | ) |  | $ | (197 | )
Common stock undistributed losses | $ | (1,685 | ) |  | $ | (1,685 | ) |  | $ | (169 | ) |  | $ | (169 | )
Class B common stock undistributed losses | (276 | ) |  | (276 | ) |  | (28 | ) |  | (28 | )
Total undistributed losses | $ | (1,961 | ) |  | $ | (1,961 | ) |  | $ | (197 | ) |  | $ | (197 | )
Income (loss) from discontinued operations | $ | 87 |  |  | $ | 87 |  |  | $ | (107 | ) |  | $ | (107 | )
Less dividends: |  |  |  |  |  |  |
Common stock | 701 |  |  | 701 |  |  | 710 |  |  | 710 |
Class B common stock | 116 |  |  | 116 |  |  | 118 |  |  | 118 |
Undistributed losses | $ | (730 | ) |  | $ | (730 | ) |  | $ | (935 | ) |  | $ | (935 | )
Common stock undistributed losses | $ | (627 | ) |  | $ | (627 | ) |  | $ | (802 | ) |  | $ | (803 | )
Class B common stock undistributed losses | (103 | ) |  | (103 | ) |  | (133 | ) |  | (132 | )
Total undistributed losses | $ | (730 | ) |  | $ | (730 | ) |  | $ | (935 | ) |  | $ | (935 | )
Net income (loss) | $ | (1,057 | ) |  | $ | (1,057 | ) |  | $ | 524 |  |  | $ | 524 |
Less dividends: |  |  |  |  |  |  |
Common stock | 701 |  |  | 701 |  |  | 710 |  |  | 710 |
Class B common stock | 116 |  |  | 116 |  |  | 118 |  |  | 118 |
Undistributed losses | $ | (1,874 | ) |  | $ | (1,874 | ) |  | $ | (304 | ) |  | $ | (304 | )
Common stock undistributed losses | $ | (1,610 | ) |  | $ | (1,610 | ) |  | $ | (261 | ) |  | $ | (261 | )
Class B common stock undistributed losses | (264 | ) |  | (264 | ) |  | (43 | ) |  | (43 | )
Total undistributed losses | $ | (1,874 | ) |  | $ | (1,874 | ) |  | $ | (304 | ) |  | $ | (304 | )
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Common stock weighted average shares | 11,770 |  |  | 11,770 |  |  | 11,871 |  |  | 11,871 |
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS | 2,141 |  |  | 2,141 |  |  | 2,191 |  |  | 2,191 |
Effect of dilutive stock options |  |  | — |  |  |  |  | 123 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions |  |  | 13,911 |  |  |  |  | 14,185 |
Income (loss) from continuing operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.08 | ) |  | $ | (0.08 | ) |  | $ | 0.05 |  |  | $ | 0.04 |
Class B common stock | $ | (0.07 | ) |  | $ | (0.07 | ) |  | $ | 0.04 |  |  | $ | 0.04 |
Income (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 (loss) per share: |  |  |  |  |  |  |
Common stock | $ | (0.07 | ) |  | $ | (0.07 | ) |  | $ | 0.04 |  |  | $ | 0.03 |
Class B common stock | $ | (0.06 | ) |  | $ | (0.06 | ) |  | $ | 0.03 |  |  | $ | 0.03 |
Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the second quarter of fiscal 2015 and fiscal 2014 were 666,564 and 512,064, respectively.
| Six Months Ended
| November 29, 2014 |  | November 30, 2013
| Basic |  | Diluted |  | Basic |  | Diluted
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | (1,227 | ) |  | $ | (1,227 | ) |  | $ | 2,610 |  |  | $ | 2,610 |
Less dividends: |  |  |  |  |  |  |
Common stock | 1,411 |  |  | 1,411 |  |  | 1,433 |  |  | 1,433 |
Class B common stock | 234 |  |  | 234 |  |  | 252 |  |  | 252 |
Undistributed earnings (losses) | $ | (2,872 | ) |  | $ | (2,872 | ) |  | $ | 925 |  |  | $ | 925 |
Common stock undistributed earnings (losses) | $ | (2,466 | ) |  | $ | (2,466 | ) |  | $ | 788 |  |  | $ | 790 |
Class B common stock undistributed earnings (losses) | (406 | ) |  | (406 | ) |  | 137 |  |  | 135 |
Total undistributed earnings (losses) | $ | (2,872 | ) |  | $ | (2,872 | ) |  | $ | 925 |  |  | $ | 925 |
Income (loss) from discontinued operations | $ | 87 |  |  | $ | 87 |  |  | $ | (118 | ) |  | $ | (118 | )
Less dividends: |  |  |  |  |  |  |
Common stock | 1,411 |  |  | 1,411 |  |  | 1,433 |  |  | 1,433 |
Class B common stock | 234 |  |  | 234 |  |  | 252 |  |  | 252 |
Undistributed losses | $ | (1,558 | ) |  | $ | (1,558 | ) |  | $ | (1,803 | ) |  | $ | (1,803 | )
Common stock undistributed losses | $ | (1,337 | ) |  | $ | (1,337 | ) |  | $ | (1,537 | ) |  | $ | (1,539 | )
Class B common stock undistributed losses | (221 | ) |  | (221 | ) |  | (266 | ) |  | (264 | )
Total undistributed losses | $ | (1,558 | ) |  | $ | (1,558 | ) |  | $ | (1,803 | ) |  | $ | (1,803 | )
Net income (loss) | $ | (1,140 | ) |  | $ | (1,140 | ) |  | $ | 2,492 |  |  | $ | 2,492 |
Less dividends: |  |  |  |  |  |  |
Common stock | 1,411 |  |  | 1,411 |  |  | 1,433 |  |  | 1,433 |
Class B common stock | 234 |  |  | 234 |  |  | 252 |  |  | 252 |
Undistributed earnings (losses) | $ | (2,785 | ) |  | $ | (2,785 | ) |  | $ | 807 |  |  | $ | 807 |
Common stock undistributed earnings (losses) | $ | (2,391 | ) |  | $ | (2,391 | ) |  | $ | 688 |  |  | $ | 689 |
Class B common stock undistributed earnings (losses) | (394 | ) |  | (394 | ) |  | 119 |  |  | 118 |
Total undistributed earnings (losses) | $ | (2,785 | ) |  | $ | (2,785 | ) |  | $ | 807 |  |  | $ | 807 |
Denominator for basic and diluted EPS: |  |  |  |  |  |  |
Common stock weighted average shares | 11,797 |  |  | 11,797 |  |  | 11,997 |  |  | 11,997 |
Class B common stock weighted average shares, and shares under if-converted method for diluted EPS | 2,161 |  |  | 2,161 |  |  | 2,309 |  |  | 2,309 |
Effect of dilutive securities Dilutive stock options |  |  | — |  |  |  |  | 127 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversions |  |  | 13,958 |  |  |  |  | 14,433 |
Income (loss) from continuing operations per share: |  |  |  |  |  |  |
Common stock | $ | (0.09 | ) |  | $ | (0.09 | ) |  | $ | 0.19 |  |  | $ | 0.18 |
Class B common stock | $ | (0.08 | ) |  | $ | (0.08 | ) |  | $ | 0.17 |  |  | $ | 0.17 |
Income (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 (loss) per share: |  |  |  |  |  |  |
Common stock | $ | (0.08 | ) |  | $ | (0.08 | ) |  | $ | 0.18 |  |  | $ | 0.17 |
Class B common stock | $ | (0.07 | ) |  | $ | (0.07 | ) |  | $ | 0.16 |  |  | $ | 0.16 |
Note: Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first six months of fiscal 2015 and fiscal 2014 were 661,564 and 487,064, 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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