| Earnings Per Share [Text Block] |
11. Earnings Per Share
Basic earnings per common share is computed by dividing net income 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 per share:
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Net Income
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Weighted Average
Shares
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Earnings Per
Share
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For the quarter ended May 30, 2026:
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Basic earnings per share
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$ |
2,039 |
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8,618,419 |
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$ |
0.24 |
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Add effect of dilutive securities:
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Restricted shares
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- |
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17,850 |
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- |
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Diluted earnings per share
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$ |
2,039 |
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8,636,269 |
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$ |
0.24 |
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For the quarter ended May 31, 2025:
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Basic earnings per share
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$ |
1,918 |
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8,667,908 |
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$ |
0.22 |
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Add effect of dilutive securities:
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Restricted shares
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- |
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11,966 |
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- |
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Diluted earnings per share
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$ |
1,918 |
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8,679,874 |
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$ |
0.22 |
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For the six months ended May 30, 2026:
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Basic earnings per share
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$ |
3,155 |
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8,617,003 |
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$ |
0.37 |
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Add effect of dilutive securities:
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Restricted shares
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- |
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26,491 |
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- |
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Diluted earnings per share
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$ |
3,155 |
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8,643,494 |
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$ |
0.37 |
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For the six months ended May 31, 2025:
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Basic earnings per share
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$ |
3,772 |
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8,673,339 |
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$ |
0.43 |
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Add effect of dilutive securities:
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Restricted shares
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- |
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20,261 |
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- |
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Diluted earnings per share
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$ |
3,772 |
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8,693,600 |
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$ |
0.43 |
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For the three and six months ended May 30, 2026 and May 31, 2025, the following potentially dilutive shares were excluded from the computations as their effect was anti-dilutive:
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Quarter Ended
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Six Months Ended
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May 30, 2026
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May 31, 2025
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May 30, 2026
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May 31, 2025
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Unvested shares
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5,000 |
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17,556 |
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27,856 |
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17,556 |
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