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Net Loss Per Share
 3 Months Ended
Nov. 30, 2011
Net Loss Per Share [Abstract]  
Net Loss Per Share

Net Loss per Share

The following table presents the computation of basic and diluted loss per common share attributable to the Company:

 

     Three months ended November 30,  
     2011     2010  

Basic and diluted loss per common share:

     

Numerator:

     

Loss from continuing operations

    $ (1,408,942 )    $ (488,024 ) 

Less: Net loss attributable to noncontrolling interest

      27,515        1,035   
  

 

 

    

 

 

  

Loss from continuing operations attributable to Dynacq Healthcare, Inc.

      (1,381,427 )      (486,989 ) 

Discontinued operations, net of income taxes

      (562,666 )      (669,651 ) 
  

 

 

    

 

 

  

Net loss attributable to Dynacq Healthcare, Inc.

    $ (1,944,093 )    $ (1,156,640 ) 
  

 

 

    

 

 

  

Denominator:

     

Basic and diluted average common shares outstanding

      14,426,960        14,176,960   
  

 

 

    

 

 

  

Basic and diluted loss per common share:

     

Loss from continuing operations attributable to Dynacq Healthcare, Inc.

    $ (0.10 )    $ (0.03 ) 

Discontinued operations, net of income taxes

      (0.04 )      (0.05 ) 
  

 

 

    

 

 

  

Net loss attributable to Dynacq Healthcare, Inc.

    $ (0.14 )    $ (0.08 ) 
  

 

 

    

 

 

  

Basic net income (loss) per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the reporting period. Diluted net income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income (loss) per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method. However, if it is anti-dilutive, the dilutive effect of the stock options is not included in the calculation of diluted net income (loss) per share. Stock options with exercise prices exceeding current market prices that were excluded from the computation of net income (loss) per share amounted to approximately 2,166,000 shares and 1,261,000 shares for the quarter ended November 30, 2011 and 2010, respectively.