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Earnings per Share
3 Months Ended
Nov. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 4.   Earnings per Share

 

The following is a reconciliation of the numerators and denominators of the basic and diluted computations for net income per share attributable to common shareholders:

 

    For the Three Months
Ended November 30,
 
    2012     2011  
             
(In thousands, except share and per share information)            
             
EPS:            
Net income   $ 383     $ 625  
Less:  accrued preferred stock dividends     (19 )     (19 )
Net income available for common shareholders   $ 364     $ 606  
                 
Earnings per common share  – basic and diluted   $ 0.08     $ 0.12  

 

For the three months ended November 30, 2012 and 2011, 40,000 potential common shares have been excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.