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Earnings Per Share (Tables)
3 Months Ended
Aug. 30, 2025
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 for the first quarter of fiscal 2026 and 2025 was based on the following amounts (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

 

August 30, 2025

 

 

August 31, 2024

 

 

 

Basic

 

 

Diluted

 

 

Basic

 

 

Diluted

 

Numerator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

1,909

 

 

$

1,909

 

 

$

590

 

 

$

590

 

Less dividends:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

 

746

 

 

 

746

 

 

 

739

 

 

 

739

 

Class B common stock

 

 

111

 

 

 

111

 

 

 

111

 

 

 

111

 

Undistributed earnings (loss)

 

$

1,052

 

 

$

1,052

 

 

$

(260

)

 

$

(260

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock undistributed earnings (loss)

 

$

916

 

 

$

917

 

 

$

(226

)

 

$

(226

)

Class B common stock undistributed earnings (loss)

 

 

136

 

 

 

135

 

 

 

(34

)

 

 

(34

)

Total undistributed earnings (loss)

 

$

1,052

 

 

$

1,052

 

 

$

(260

)

 

$

(260

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for Basic and Diluted EPS:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock weighted average shares

 

 

12,393

 

 

 

12,393

 

 

 

12,200

 

 

 

12,200

 

Effect of dilutive securities

 

 

 

 

 

 

 

 

 

 

 

 

      Dilutive stock options

 

 

 

 

 

151

 

 

 

 

 

 

231

 

Denominator for diluted EPS adjusted for weighted average shares and assumed conversion

 

 

 

 

 

12,544

 

 

 

 

 

 

12,431

 

Class B common stock weighted average shares and shares under if-converted method for diluted EPS

 

 

2,049

 

 

 

2,049

 

 

 

2,049

 

 

 

2,049

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

Common stock

 

$

0.13

 

 

$

0.13

 

 

$

0.04

 

 

$

0.04

 

 

 

 

 

 

 

 

 

 

 

 

 

Class B common stock

 

$

0.12

 

 

$

0.12

 

 

$

0.04

 

 

$

0.04

 

Note: There were no common stock options that were antidilutive and not included in the diluted earnings per share for the first quarter of fiscal 2026 and fiscal 2025.