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Earnings Per Share (Tables) | 3 Months Ended
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Aug. 31, 2024
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 was based on the following amounts (in thousands, except per share amounts):
|  | Three Months Ended |
|  | August 31, 2024 |  |  | September 2, 2023 |
|  | Basic |  |  | Diluted |  |  | Basic |  |  | Diluted |
Numerator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 590 |  |  | $ | 590 |  |  | $ | 1,227 |  |  | $ | 1,227 |
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 739 |  |  |  | 739 |  |  |  | 732 |  |  |  | 732 |
Class B common stock |  |  | 111 |  |  |  | 111 |  |  |  | 111 |  |  |  | 111 |
Undistributed (loss) earnings |  | $ | (260 | ) |  | $ | (260 | ) |  | $ | 384 |  |  | $ | 384 |
Common stock undistributed (loss) earnings |  | $ | (226 | ) |  | $ | (226 | ) |  | $ | 333 |  |  | $ | 335 |
Class B common stock undistributed (loss) earnings |  |  | (34 | ) |  |  | (34 | ) |  |  | 51 |  |  |  | 49 |
Total undistributed (loss) earnings |  | $ | (260 | ) |  | $ | (260 | ) |  | $ | 384 |  |  | $ | 384 |
Denominator for Basic and Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Common stock weighted average shares |  |  | 12,200 |  |  |  | 12,200 |  |  |  | 12,171 |  |  |  | 12,171 |
Effect of dilutive securities |  |  |  |  |  |  |  |  |  |  |  |
Dilutive stock options |  |  |  |  |  | 231 |  |  |  |  |  |  | 368 |
Denominator for diluted EPS adjusted for weighted average shares and assumed conversion |  |  |  |  |  | 12,431 |  |  |  |  |  |  | 12,539 |
Class B common stock weighted average shares and shares under if-converted method for diluted EPS |  |  | 2,049 |  |  |  | 2,049 |  |  |  | 2,052 |  |  |  | 2,052 |
Net income per share: |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | 0.09 |  |  | $ | 0.09 |
Class B common stock |  | $ | 0.04 |  |  | $ | 0.04 |  |  | $ | 0.08 |  |  | $ | 0.08 |
Note: There were no common stock options that were antidilutive in the first quarter of fiscal 2025 and fiscal 2024.

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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