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Note 12 - Earnings (Loss) Per Share

9 Months Ended

Aug. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

12. Earnings (Loss) Per Share

Basic earnings (loss) per common share is computed by dividing net income (loss) allocable to common shares by the weighted average number of common shares outstanding, adjusted for participating securities, if any. The following reconciles basic and diluted earnings (loss) per share:

		Net Income (Loss)				Weighted Average Shares				Earnings (Loss) Per Share
For the quarter ended August 30, 2025:

Basic earnings per share		$	801				8,650,651			$	0.09
Add effect of dilutive securities:
Restricted shares			-				24,564				-
Diluted earnings per share		$	801				8,675,215			$	0.09

For the quarter ended August 31, 2024:

Basic loss per share		$	(4,505	)			8,725,008			$	(0.52	)
Add effect of dilutive securities:
Restricted shares*			-				-				-
Diluted loss per share		$	(4,505	)			8,725,008			$	(0.52	)

For the nine months ended August 30, 2025:

Basic earnings per share		$	4,573				8,665,776			$	0.53
Add effect of dilutive securities:
Restricted shares			-				22,172				-
Diluted earnings per share		$	4,573				8,687,948			$	0.53

For the nine months ended August 31, 2024:

Basic loss per share		$	(12,899	)			8,742,766			$	(1.48	)
Add effect of dilutive securities:
Restricted shares*			-				-				-
Diluted loss per share		$	(12,899	)			8,742,766			$	(1.48	)

*Due to the net loss for the period, potentially dilutive securities would have been anti-dilutive and are therefore excluded.

For the three and nine months ended August 30, 2025 and August 31, 2024, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:

Quarter Ended

Nine Months Ended

August 30, 2025

August 31, 2024

August 30, 2025

August 31, 2024

Unvested shares

-

64,409

-

64,409