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Selected Quarterly Financial Data (unaudited)
12 Months Ended
Aug. 31, 2020
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (unaudited)

Note 11—Selected Quarterly Financial Data (unaudited)

The following table sets forth certain unaudited financial information for each quarter of fiscal years 2020 and 2019. The unaudited quarterly information has been prepared using unaudited financial statements and includes all adjustments consisting only of normal recurring adjustments necessary for a fair presentation of the results of the interim periods.

 

 

 

Fiscal Quarter of 2020

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

(amounts in thousands, except per share data)

 

Sales

 

$

17,440

 

 

$

19,388

 

 

$

2,812

 

 

$

5,528

 

Operating income (loss)

 

 

(1,391

)

 

 

(240

)

 

 

(8,028

)

 

 

(6,839

)

Net income (loss)

 

 

(1,224

)

 

 

(133

)

 

 

(9,152

)

 

 

(6,849

)

Basic income (loss) per share of Class A and

   Class B common stock

 

$

(0.15

)

 

$

(0.02

)

 

$

(1.10

)

 

$

(0.82

)

Diluted income (loss) per share of Class A and

   Class B common stock

 

$

(0.15

)

 

$

(0.02

)

 

$

(1.10

)

 

$

(0.82

)

 

 

 

Fiscal Quarter of 2019

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

(amounts in thousands, except per share data)

 

Sales

 

$

13,420

 

 

$

15,117

 

 

$

16,955

 

 

$

18,753

 

Operating income (loss)

 

 

(420

)

 

 

282

 

 

 

834

 

 

 

965

 

Net income (loss)

 

 

(391

)

 

 

212

 

 

 

719

 

 

 

916

 

Basic income (loss) per share of Class A and

   Class B common stock

 

$

(0.08

)

 

$

0.04

 

 

$

0.14

 

 

$

0.15

 

Diluted income (loss) per share of Class A and

   Class B common stock

 

$

(0.08

)

 

$

0.04

 

 

$

0.14

 

 

$

0.15