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Earnings Per Share
 3 Months Ended
Nov. 28, 2015
Earnings Per Share [Abstract]  
Earnings Per Share

 

NOTE 4 – EARNINGS PER SHARE

 

The following is a reconciliation from basic earnings per share (EPS) to diluted EPS (in thousands, except per-share amounts).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

 

November 28,

 

 

November 29,

 

 

2015

 

 

2014

Numerator for basic and

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

Net income

$
790 

 

$
1,828 

 

 

 

 

 

 

Denominator for basic and

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

Basic weighted average shares

 

 

 

 

 

outstanding

 
16,218 

 

 
16,870 

Effect of dilutive securities:

 

 

 

 

 

Stock options and other

 

 

 

 

 

share-based awards

 
134 

 

 
222 

Diluted weighted average

 

 

 

 

 

shares outstanding

 
16,352 

 

 
17,092 

 

 

 

 

 

 

EPS Calculations:

 

 

 

 

 

Net income per share:

 

 

 

 

 

Basic

$
0.05 

 

$
0.11 

Diluted

 
0.05 

 

 
0.11 

 

Other securities, including performance share-based compensation instruments, may have a dilutive effect on our EPS calculation in future periods if our financial results reach specified targets.