Earnings (Loss) Per Share

12 Months Ended

Aug. 31, 2018

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

15.EARNINGS (LOSS) PER SHARE

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

YEAR ENDED
AUGUST 31,		2018		2017		2016
Numerator for basic and
diluted earnings per share:
Net income (loss)	$	(5,887)	$	(7,172)	$	7,016
Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		13,849		13,819		14,944
Effect of dilutive securities:
Stock options and other
stock-based awards		-		-		132
Diluted weighted average shares
outstanding		13,849		13,819		15,076
EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	(0.43)	$	(0.52)	$	0.47

Since we incurred a net loss for the fiscal year ended August 31, 2018, no potentially dilutive securities were included in the calculation of our loss per share because the inclusion of these securities would be antidilutive.  The number of dilutive securities that would have been included at August 31, 2018 was approximately 0.2 million shares.  Other securities, including performance stock-based compensation instruments, may have a dilutive effect on our EPS calculation in future periods if our financial results reach specified targets (Note 11).