Earnings Per Share

9 Months Ended

May 28, 2016

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 7 – 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				Three Quarters Ended
		May 28,		May 30,		May 28,		May 30,
		2016		2015		2016		2015
Numerator for basic and
diluted earnings per share:
Net income (loss)	$	(1,052)	$	1,191	$	(710)	$	3,447
Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		14,259		16,739		15,259		16,839
Effect of dilutive securities:
Stock options and other
share-based awards		-		161		-		187
Diluted weighted average
shares outstanding		14,259		16,900		15,259		17,026
EPS Calculations:
Net income (loss) per share:
Basic	$	(0.07)	$	0.07	$	(0.05)	$	0.20
Diluted		(0.07)		0.07		(0.05)		0.20

Since we incurred a net loss for the quarter and three quarters ended May 28, 2016, no potentially dilutive securities are included in the calculation of diluted earnings per share because such effect would be anti-dilutive.  The number of dilutive stock options and other share-based awards for the quarter and three quarters ended May 28, 2016 would have been approximately 120,000 shares and 137,000 shares, respectively.  Other securities, including performance share-based compensation instruments, may have a dilutive effect upon our EPS calculation in future periods if our financial results reach specified targets.