| Schedule of Earnings Per Share, Basic and Diluted |
The EPS presented in our Consolidated Statements of Comprehensive Income are based on the following (in thousands, except per share amounts):
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For the Fiscal Year Ended |
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May 30, 2026 |
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May 31, 2025 |
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June 1, 2024 |
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Basic |
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Diluted |
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Basic |
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Diluted |
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Basic |
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Diluted |
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Numerator for Basic and Diluted EPS: |
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Net income (loss) |
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$ |
6,383 |
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$ |
6,383 |
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$ |
(1,143 |
) |
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$ |
(1,143 |
) |
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$ |
61 |
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$ |
61 |
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Less dividends: |
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Common stock |
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2,997 |
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2,997 |
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2,964 |
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2,964 |
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2,933 |
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2,933 |
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Class B common stock |
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442 |
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442 |
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443 |
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443 |
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443 |
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443 |
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Undistributed earnings (loss) |
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$ |
2,944 |
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$ |
2,944 |
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$ |
(4,550 |
) |
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$ |
(4,550 |
) |
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$ |
(3,315 |
) |
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$ |
(3,315 |
) |
Common stock undistributed earnings (loss) |
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$ |
2,566 |
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$ |
2,572 |
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$ |
(3,957 |
) |
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$ |
(3,957 |
) |
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$ |
(2,880 |
) |
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$ |
(2,887 |
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Class B common stock undistributed earnings (loss) |
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378 |
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372 |
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(593 |
) |
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(593 |
) |
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(435 |
) |
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(428 |
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Total undistributed earnings (loss) |
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$ |
2,944 |
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$ |
2,944 |
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$ |
(4,550 |
) |
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$ |
(4,550 |
) |
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$ |
(3,315 |
) |
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$ |
(3,315 |
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Denominator for Basic and Diluted EPS: |
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Common stock weighted average shares |
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12,492 |
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12,492 |
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12,298 |
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12,298 |
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12,214 |
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12,214 |
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Effect of dilutive securities |
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Dilutive stock options and awards |
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198 |
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— |
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250 |
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Denominator for diluted EPS adjusted for
weighted average shares and assumed
conversions |
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12,690 |
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12,298 |
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12,464 |
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Class B common stock weighted average
shares, and shares under if-converted
method for diluted EPS |
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2,042 |
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2,042 |
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2,049 |
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2,049 |
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2,051 |
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2,051 |
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Net income (loss) per share: |
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Common stock |
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$ |
0.45 |
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$ |
0.44 |
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$ |
(0.08 |
) |
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$ |
(0.08 |
) |
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$ |
0.00 |
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$ |
0.00 |
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Class B common stock |
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$ |
0.40 |
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$ |
0.40 |
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$ |
(0.07 |
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$ |
(0.07 |
) |
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$ |
0.00 |
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$ |
0.00 |
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Note: There were no common stock options that were anti-dilutive for fiscal 2026. There were 232 common stock options and awards that were anti-dilutive and not included in the diluted earnings per share for fiscal 2025. There were no common stock options that were anti-dilutive for fiscal 2024.
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