2. Significant Accounting Policies: Earnings Per Share (Policies)

12 Months Ended

Aug. 30, 2017

Policies

Earnings Per Share

Earnings per share

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding in the period. Diluted earnings per common share takes into consideration common shares outstanding (computed under basic earnings per share) and potentially dilutive common shares.

The earnings per share data for the fiscal years ended August 31, 2017 and 2016 are as follows:

	2017	2016
Net income	$  2,726,657	$   2,125,099
Basic weighted average number of common shares outstanding	2,272,522	2,435,650
Effect of dilutive securities
Stock options	0	0
Diluted weighted average number of common shares outstanding	2,272,522	2,435,650
Basic and diluted earnings per common share	$           1.20	$             0.87