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Earnings Per Share
 9 Months Ended
May 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share



NOTE 9 – 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 31,

 

 

May 28,

 

 

May 31,

 

 

May 28,



 

2017

 

 

2016

 

 

2017

 

 

2016

Numerator for basic and

 

 

 

 

 

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

 (4,541)

 

$

 (1,052)

 

$

 (11,831)

 

$

 (710)



 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and

 

 

 

 

 

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

 

 

 

 

 

 

 

 

 

outstanding

 

 13,834 

 

 

 14,259 

 

 

 13,817 

 

 

 15,259 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Stock options and other

 

 

 

 

 

 

 

 

 

 

 

stock-based awards

 

 -

 

 

 -

 

 

 -

 

 

 -

Diluted weighted average

 

 

 

 

 

 

 

 

 

 

 

shares outstanding

 

 13,834 

 

 

 14,259 

 

 

 13,817 

 

 

 15,259 



 

 

 

 

 

 

 

 

 

 

 

EPS Calculations:

 

 

 

 

 

 

 

 

 

 

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

$

 (0.33)

 

$

 (0.07)

 

$

 (0.86)

 

$

 (0.05)



Since we incurred a net loss for the quarter and three quarters ended May 31, 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 May 31, 2017 would have been approximately 163,000 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.