Earnings per Share

3 Months Ended

Nov. 30, 2019

Earnings per Share

Earnings per Share

Note 4.     Earnings per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted computations for earnings per common share (in thousands, except per share data):

	Three Months Ended
	November 30,
	2019		2018
EPS:
Net income	$	1,917	$	1,925
Less:  accrued preferred stock dividends		(19)		(19)
Net income available for common   shareholders	$	1,898	$	1,906
Earnings per common share  – basic and diluted	$	0.39	$	0.39

For the three months ended November 30, 2019 and 2018,  40,000 potential common shares (issuable upon conversion of 36,000 shares of the Company’s Series A Cumulative Convertible Preferred Stock) have been included in the computation of diluted earnings per share, which had no effect to basic earnings per share.