Net Earnings Per Share

12 Months Ended

Aug. 31, 2019

Earnings Per Share [Abstract]

Net Earnings Per Share

Note 5 – Net Earnings Per Share

The following table shows the computation of basic and diluted net earnings per share for fiscal 2019, 2018, and 2017:

	For the years ended August 31,
($ and shares in thousands, except per share amounts)	2019		2018		2017
Numerator:
Net earnings	$	2,172	$	20,277	$	23,179
Denominator:
Weighted average shares outstanding		10,781		10,741		10,666
Diluted effect of stock equivalents		29		31		28
Weighted average shares outstanding assuming dilution		10,810		10,772		10,694
Basic net earnings per share	$	0.20	$	1.89	$	2.17
Diluted net earnings per share	$	0.20	$	1.88	$	2.17

Certain stock options and restricted stock units were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive.  Performance stock units are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied.  The following table shows the securities excluded from the computation of earnings per share because their effect would have been anti-dilutive:

	For the years ended August 31,
(Units and options in thousands)	2019		2018		2017
Restricted stock units		8		19		10
Stock options		72		65		108
Performance stock units		5	—		—