| Schedule of Earnings Per Share, Basic and Diluted |
The earnings per share (“EPS”) presented in our Unaudited Consolidated Statements of Comprehensive Income for the first quarter of fiscal 2027 and fiscal 2026 was based on the following amounts (in thousands, except per share amounts):
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Three Months Ended |
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August 29, 2026 |
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August 30, 2025 |
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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 |
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$ |
4,059 |
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$ |
4,059 |
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$ |
1,909 |
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$ |
1,909 |
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Less dividends: |
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Common stock |
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770 |
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770 |
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746 |
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746 |
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Class B common stock |
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110 |
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110 |
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111 |
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111 |
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Undistributed earnings |
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$ |
3,179 |
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$ |
3,179 |
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$ |
1,052 |
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$ |
1,052 |
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Common stock undistributed earnings |
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$ |
2,777 |
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$ |
2,787 |
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$ |
916 |
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$ |
917 |
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Class B common stock undistributed earnings |
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402 |
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392 |
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136 |
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135 |
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Total undistributed earnings |
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$ |
3,179 |
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$ |
3,179 |
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$ |
1,052 |
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$ |
1,052 |
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Denominator for Basic and Diluted EPS: |
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Common stock weighted average shares |
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12,666 |
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12,666 |
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12,393 |
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12,393 |
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Effect of dilutive securities |
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Dilutive stock options |
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358 |
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151 |
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Denominator for diluted EPS adjusted for weighted average shares and assumed conversion |
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13,024 |
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12,544 |
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Class B common stock weighted average shares and shares under if-converted method for diluted EPS |
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2,036 |
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2,036 |
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2,049 |
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2,049 |
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Net income per share: |
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Common stock |
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$ |
0.28 |
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$ |
0.27 |
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$ |
0.13 |
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$ |
0.13 |
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Class B common stock |
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$ |
0.25 |
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$ |
0.25 |
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$ |
0.12 |
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$ |
0.12 |
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Note: There were no common stock options that were anti-dilutive and not included in the diluted earnings per share for the first quarter of fiscal 2027 and the first quarter of fiscal 2026.
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