Earnings per Share

6 Months Ended

Feb. 28, 2015

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 basic and diluted:

	For the Three Months Ended February 28,				For the Six Months Ended February 28,
	2015		2014		2015		2014
(In thousands, except share and per share amounts)
EPS:
Net income	$	1,119	$	109	$	1,514	$	1,173
Less: accrued preferred stock dividends		(19)		(19)		(38)		(38)
Net income available for common shareholders	$	1,100	$	90	$	1,476	$	1,135
Earnings per common share – basic and diluted	$	0.23	$	0.02	$	0.30	$	0.23

For the three and six months ended February 28, 2015 and 2014, 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.