Note 11 - Earnings Per Share

3 Months Ended

Nov. 19, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 11. Earnings Per Share

Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding and unvested restricted stock for the reporting period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method. Stock options excluded from the computation of net income per share for the quarter ended November 19, 2014 include approximately 431,000 shares with exercise prices exceeding market prices and approximately 200 shares whose inclusion would also be anti dilutive. 

The components of basic and diluted net income per share are as follows:

	Quarter Ended
	November 19, 2014			November 20, 2013
	(12 weeks)			(12 weeks)
	(In thousands expect per share data)
Numerator:
Loss from continuing operations	$	(2,816	)	$	(693	)
Loss from discontinued operations		(203	)		(853	)
Net loss	$	(3,019	)	$	(1,546	)
Denominator:
Denominator for basic earnings per share—weighted-average shares		28,890			28,765
Effect of potentially dilutive securities:
Employee and non-employee stock options		—			—
Denominator for earnings per share assuming dilution		28,890			28,765
Loss per share from continuing operations:
Basic	$	(0.10	)	$	(0.02	)
Assuming dilution		(0.10	)		(0.02	)
Loss per share from discontinued operations:
Basic	$	(0.01	)	$	(0.03	)
Assuming dilution		(0.01	)		(0.03	)
Net loss per share:
Basic	$	(0.11	)	$	(0.05	)
Assuming dilution		(0.11	)		(0.05	)