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Calculation of Earnings Per Share (Tables) | 3 Months Ended
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Aug. 28, 2021
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The earnings per share (“EPS”) presented in our unaudited consolidated statements of comprehensive income were based on the following amounts (in thousands, except per share amounts):
|  | Three Months Ended |
|  | August 28, 2021 |  |  | August 29, 2020 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | 2,635 |  |  | $ | 2,635 |  |  | $ | (1,147 | ) |  | $ | (1,147 | )
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 673 |  |  |  | 673 |  |  |  | 667 |  |  |  | 667 |
Class B common stock |  |  | 113 |  |  |  | 113 |  |  |  | 113 |  |  |  | 113 |
Undistributed earnings (loss) |  | $ | 1,849 |  |  | $ | 1,849 |  |  | $ | (1,927 | ) |  | $ | (1,927 | )
Common stock undistributed earnings (loss) |  | $ | 1,582 |  |  | $ | 1,588 |  |  | $ | (1,646 | ) |  | $ | (1,646 | )
Class B common stock undistributed earnings (loss) |  |  | 267 |  |  |  | 261 |  |  |  | (281 | ) |  |  | (281 | )
Total undistributed earnings (loss) |  | $ | 1,849 |  |  | $ | 1,849 |  |  | $ | (1,927 | ) |  | $ | (1,927 | )
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock weighted average shares |  |  | 11,194 |  |  |  | 11,194 |  |  |  | 11,070 |  |  |  | 11,070 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dilutive stock options |  |  |  |  |  |  | 273 |  |  |  |  |  |  |  | — |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversion |  |  |  |  |  |  | 11,467 |  |  |  |  |  |  |  | 11,070 |
Class B commons stock weighted average shares, and shares under if-converted method for diluted EPS |  |  | 2,097 |  |  |  | 2,097 |  |  |  | 2,097 |  |  |  | 2,097 |
Net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | (0.09 | ) |  | $ | (0.09 | )
Class B common stock |  | $ | 0.18 |  |  | $ | 0.18 |  |  | $ | (0.08 | ) |  | $ | (0.08 | )
Note: The were no common stock options that were antidilutive in the first quarter of fiscal 2022. Common stock options that were anti-dilutive and not included in diluted earnings per common share for the first quarter of fiscal 2021 were 1,593.

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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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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