v3.26.1
Note 7 - Earnings Per Share
 12 Months Ended
Mar. 01, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

7.

EARNINGS PER SHARE

 

Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the potential common stock equivalents outstanding during the period. Stock options are the only Common Stock equivalents, and the number of dilutive options is computed using the treasury stock method.

 

The following table sets forth the calculation of basic and diluted earnings per share:

 

   

Fiscal Year

  

(Amounts in thousands, except per share amounts)

   2026    

2025

     2024  
                         

Net earnings

   $ 11,272     $ 5,882     $ 7,473  
                         

Weighted average common shares outstanding for basic EPS

     19,968       20,099       20,304  

Net effect of dilutive options

     149       91       89  

Weighted average shares outstanding for diluted EPS

     20,117       20,190       20,393  
                         

Basic earnings per share

   $ 0.56     $ 0.29     $ 0.37  
                         

Diluted earnings per share

   $ 0.56     $ 0.29     $ 0.37  

 

Potentially dilutive stock options, which were not included in the computation of diluted earnings per share because either the effect would have been antidilutive or the options’ exercise prices were greater than the average market price of the common stock, were 120,635, 103,713, and 94,263 for the 2026, 2025 and 2024 fiscal years, respectively.