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Net Earnings Per Share | 6 Months Ended
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Feb. 28, 2019
Earnings Per Share [Abstract] |
Net Earnings Per Share | Note 4 – Net Earnings per Share Basic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted earnings per share is calculated on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, restricted stock unit awards and other dilutive securities. When a period results in a net loss, the impact of outstanding stock awards is excluded from the diluted loss per share calculation as the inclusion would have an anti-dilutive effect. The following table shows the computation of basic and diluted net earnings per share for the three and six months ended February 28, 2019 and February 28, 2018:
|  | Three months ended |  |  | Six months ended |
($ and shares in thousands, except per share amounts) |  | February 28, 2019 |  |  | February 28, 2018 |  |  | February 28, 2019 |  |  | February 28, 2018 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings (loss) |  | $ | (3,440 | ) |  | $ | 1,735 |  |  | $ | (2,228 | ) |  | $ | 4,920 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 10,786 |  |  |  | 10,743 |  |  |  | 10,776 |  |  |  | 10,724 |
Diluted effect of stock awards |  |  | — |  |  |  | 22 |  |  |  | — |  |  |  | 28 |
Weighted average shares outstanding assuming dilution |  |  | 10,786 |  |  |  | 10,765 |  |  |  | 10,776 |  |  |  | 10,752 |
Basic net earnings (loss) per share |  | $ | (0.32 | ) |  | $ | 0.16 |  |  | $ | (0.21 | ) |  | $ | 0.46 |
Diluted net earnings (loss) per share |  | $ | (0.32 | ) |  | $ | 0.16 |  |  | $ | (0.21 | ) |  | $ | 0.46 |
Certain stock options and restricted stock units were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive. Performance stock units are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. In addition, the following table shows the securities excluded from the computation of earnings per share because their effect would have been anti-dilutive:
|  | Three months ended |  |  | Six months ended |
(Units and options in thousands) |  | February 28, 2019 |  |  | February 28, 2018 |  |  | February 28, 2019 |  |  | February 28, 2018 |
Restricted stock units |  |  | 7 |  |  |  | 6 |  |  |  | 17 |  |  |  | 72 |
Stock options |  |  | 74 |  |  |  | 64 |  |  |  | 55 |  |  |  | 167 |
Performance stock units |  |  | 10 |  |  |  | — |  |  |  | 5 |  |  |  | — |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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