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Calculation of Earnings Per Share (Tables) | 3 Months Ended
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Aug. 27, 2022
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 27, 2022 |  |  | August 28, 2021 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 6,324 |  |  | $ | 6,324 |  |  | $ | 2,635 |  |  | $ | 2,635 |
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 709 |  |  |  | 709 |  |  |  | 673 |  |  |  | 673 |
Class B common stock |  |  | 110 |  |  |  | 110 |  |  |  | 113 |  |  |  | 113 |
Undistributed earnings |  | $ | 5,505 |  |  | $ | 5,505 |  |  | $ | 1,849 |  |  | $ | 1,849 |
Common stock undistributed earnings |  | $ | 4,755 |  |  | $ | 4,788 |  |  | $ | 1,582 |  |  | $ | 1,588 |
Class B common stock undistributed earnings |  |  | 750 |  |  |  | 717 |  |  |  | 267 |  |  |  | 261 |
Total undistributed earnings |  | $ | 5,505 |  |  | $ | 5,505 |  |  | $ | 1,849 |  |  | $ | 1,849 |
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock weighted average shares |  |  | 11,715 |  |  |  | 11,715 |  |  |  | 11,194 |  |  |  | 11,194 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dilutive stock options |  |  |  |  |  |  | 616 |  |  |  |  |  |  |  | 273 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversion |  |  |  |  |  |  | 12,331 |  |  |  |  |  |  |  | 11,467 |
Class B commons stock weighted average shares and shares under if-converted method for diluted EPS |  |  | 2,053 |  |  |  | 2,053 |  |  |  | 2,097 |  |  |  | 2,097 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 0.47 |  |  | $ | 0.45 |  |  | $ | 0.20 |  |  | $ | 0.20 |
Class B common stock |  | $ | 0.42 |  |  | $ | 0.40 |  |  | $ | 0.18 |  |  | $ | 0.18 |
Note: There were no common stock options that were antidilutive in the first quarter of fiscal 2023 and fiscal 2022.

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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 https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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