v3.26.3
Note 7 - Earnings Per Share
 6 Months Ended
Aug. 30, 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 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

    

26 Weeks Ended

  
   

August 30,
2026

    

August 31,
2025

    

August 30,
2026

    

August 31,
2025

  
                                 

Net earnings

   $ 4,534     $ 2,404     $ 8,067     $ 4,484  
                                 

Weighted average common shares outstanding for basic EPS

     21,733       19,875       21,306       19,897  

Net effect of dilutive options

     187       111       268       80  

Weighted average shares outstanding for diluted EPS

     21,920       19,986       21,574       19,977  
                                 

Basic earnings per share

   $ 0.21     $ 0.12     $ 0.38     $ 0.23  
                                 

Diluted earnings per share

   $ 0.21     $ 0.12     $ 0.37     $ 0.22  

 

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 25,000 and 147,000 for the 13 weeks ended August 30, 2026 and August 31, 2025, respectively, and 12,500 and 241,000 for the 26 weeks ended August 30, 2026 and August 31, 2025, respectively.