v3.26.1
Note 7 - Earnings Per Share
 3 Months Ended
May 31, 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 potentially dilutive securities outstanding during the period. Stock options are the Company’s only potentially dilutive securities; 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:

       
   

13 Weeks Ended

  
   

May 31,

2026

    

June 1,
2025

  
                 

Net earnings

   $ 3,533     $ 2,080  
                 

Weighted average common shares outstanding for basic EPS

     20,878       19,919  

Net effect of dilutive options

     350       49  

Weighted average shares outstanding for diluted EPS

     21,228       19,968  
                 

Basic earnings per share

   $ 0.17     $ 0.10  
                 

Diluted earnings per share

   $ 0.17     $ 0.10  

 

 

Potentially dilutive securities, which were not included in the computation of diluted earnings per share, because either the effect would have been anti-dilutive or the options’ exercise prices were greater than the average market price of the common stock, were 0 and 335,338 for the 13 weeks ended May 31, 2026 and June 1, 2025, respectively.