Earnings Per Share

6 Months Ended

Feb. 28, 2017

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 6 – 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				Two Quarters Ended
		February 28,		February 27,		February 28,		February 27,
		2017		2016		2017		2016
Numerator for basic and
diluted earnings per share:
Net income (loss)	$	(3,333)	$	(448)	$	(7,291)	$	342
Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		13,825		15,299		13,808		15,758
Effect of dilutive securities:
Stock options and other
stock-based awards		-		-		-		145
Diluted weighted average
shares outstanding		13,825		15,299		13,808		15,903
EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	(0.24)	$	(0.03)	$	(0.53)	$	0.02

Since we incurred a net loss for the quarter and two quarters ended February 28, 2017, 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 stock-based awards for the quarter ended February 28, 2017 would have been approximately 200,000 shares.  Other securities, including performance stock-based compensation instruments, may have a dilutive effect upon our EPS calculation in future periods if we achieve specified targets.