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Earnings per Share
 9 Months Ended
May 31, 2014
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 earnings per common share:
 
 
 
For the Three Months Ended
May 31,
 
For the Nine Months
Ended
May 31,
 
 
 
2014
 
2013
 
2014
 
2013
 
(In thousands, except share and per share)
 
 
 
 
 
 
 
 
 
 
 
 
 
EPS:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
2,297
 
$
1,284
 
$
3,470
 
$
2,308
 
Less: accrued preferred stock dividends
 
 
(19)
 
 
(19)
 
 
(57)
 
 
(57)
 
Net income available for common shareholders
 
$
2,278
 
$
1,265
 
$
3,413
 
$
2,251
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per common share – basic and diluted
 
$
0.47
 
$
0.26
 
$
0.70
 
$
0.46
 
 
For the three and nine months ended May 31, 2014 and 2013, 40,000 potential common shares (issuable upon conversion of 36,000 shares of the Company’s Series A Cumulative Convertible Preferred Stock) have been excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.