Income (Loss) Per Share

6 Months Ended

Feb. 28, 2021

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NOTE 8 – INCOME (LOSS) PER SHARE

The following schedule shows the calculation of income (loss) per share for the periods presented (in thousands, except per-share amounts).



	Quarter Ended				Two Quarters Ended
		February 28,		February 29,		February 28,		February 29,
		2021		2020		2021		2020
Numerator for basic and
diluted loss per share:
Net income (loss)	$	(46)	$	1,097	$	(938)	$	553

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		14,082		13,841		14,029		13,911
Effect of dilutive securities:
Stock options and other
stock-based awards		-		149		-		207
Diluted weighted average
shares outstanding		14,082		13,990		14,029		14,118

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	(0.00)	$	0.08	$	(0.07)	$	0.04

Since we incurred a net loss for the quarter ended February 28, 2021, no potentially dilutive securities are included in the calculation of diluted loss per share for the quarter because such effect would be anti-dilutive. The number of dilutive stock options and other stock-based awards as of February 28, 2021 would have been approximately 71,000 shares.