| Net Income per Common Share |
Note 12 - Net Income per Common Share Basic net income per share attributable to Cal-Maine Foods, Inc. is based on the weighted average shares of Common Stock (and when they were outstanding, shares of Class A Common Stock) outstanding. All shares of Class A Common Stock were converted into Common Stock on April 14, 2025. Diluted net income per share attributable to Cal-Maine Foods, Inc. is based on weighted- average Common Stock outstanding during the relevant period adjusted for the dilutive effect of share -based awards. The following table provides a reconciliation of the numerators and denominators used to determine basic and diluted net income per common share attributable to Cal-Maine Foods, Inc. (amounts in thousands, except per share data):
June 1, 2024 Numerator Net income $ 318,112 $ 1,218,232 $ 276,282 Less: Net income (loss) attributable to noncontrolling interest 1,430 (1,816) (1,606) Net income attributable to Cal -Maine Foods, Inc. $ 316,682 $ 1,220,048 $ 277,888 Denominator Weighted-average common shares outstanding, basic 47,650 48,719 48,717 Effect of dilutive securities of restricted shares 131 172 156 Weighted-average common shares outstanding, diluted 47,781 48,891 48,873 Net income per common share attributable to Cal -Maine Foods, Inc. Basic $ 6.65 $ 25.04 $ 5.70 Diluted $ 6.63 $ 24.95 $ 5.69 |