XML 66 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Earnings Per Share | 12 Months Ended
--- | ---
Aug. 31, 2012
Earnings Per Share [Abstract] |
Earnings Per Share | 1 6.EARNINGS PER SHARE Basic earnings per common share (EPS) is calculated by dividing net income or loss by the weighted-average number of common shares outstanding for the period. Diluted EPS is calculated by dividing net income or loss by the weighted-average number of common shares outstanding plus the assumed exercise of all dilutive securities using the treasury stock method or the “if converted” method, as appropriate. Due to modifications to our management stock loan program in prior periods, we determined that the shares of management stock loan participants that were placed in the escrow account are participating securities because they continue to have equivalent common stock dividend rights. Accordingly, these management stock loan shares are included in our basic EPS calculation during periods of net income and excluded from the basic EPS calculation in periods of net loss. T he following table presents the computation of our EPS for the periods indicated (in thousands, except per share amounts):
YEAR ENDED |  |  |  |  |  |
AUGUST 31, |  | 2012 |  | 2011 |  | 2010
Numerator for basic and |  |  |  |  |  |
diluted earnings per share: |  |  |  |  |  |
Income (loss) from continuing |  |  |  |  |  |
operations | $ | 7,841 | $ | 4,807 | $ | (1,304)
Income from discontinued |  |  |  |  |  |
operations, net of tax |  | - |  | - |  | 548
Gain on sale of discontinued |  |  |  |  |  |
operations, net of tax |  | - |  | - |  | 238
Net income (loss) | $ | 7,841 | $ | 4,807 | $ | (518)
Denominator for basic and |  |  |  |  |  |
diluted earnings per share: |  |  |  |  |  |
Basic weighted average shares |  |  |  |  |  |
outstanding(1) |  | 17,772 |  | 17,106 |  | 13,525
Effect of dilutive securities: |  |  |  |  |  |
Stock options and other |  |  |  |  |  |
share-based awards |  | 71 |  | 42 |  | -
Common stock warrants(2) |  | 517 |  | 399 |  | -
Diluted weighted average shares |  |  |  |  |  |
outstanding |  | 18,360 |  | 17,547 |  | 13,525
EPS Calculations: |  |  |  |  |  |
Income (loss) from continuing |  |  |  |  |  |
operations per share: |  |  |  |  |  |
Basic | $ | 0.44 | $ | 0.28 | $ | (0.10)
Diluted |  | 0.43 |  | 0.27 |  | (0.10)
Income from discontinued |  |  |  |  |  |
operations, net of tax, per share: |  |  |  |  |  |
Basic and diluted |  | - |  | - |  | 0.04
Gain on sale of discontinued |  |  |  |  |  |
operations, net of tax, per share: |  |  |  |  |  |
Basic and diluted |  | - |  | - |  | 0.02
Net income (loss) per share: |  |  |  |  |  |
Basic |  | 0.44 |  | 0.28 |  | (0.04)
Diluted |  | 0.43 |  | 0.27 |  | (0.04)
(1) | Since we recognized net income for the fiscal year s ended August 31, 201 2 and August 31, 2011, basic weighted average shares for th ose period s includes 3.3 million shares of common stock held by management stock loan participants that were placed in escrow. These shares were excluded from basic weighted-average shares for the fiscal year ended August 31, 2010.
(2) | For the fiscal year ended August 31, 2010, the conversion of 6.2 million common stock warrants is not assumed because such conversion would be anti-dilutive.
At August 31, 201 2, 201 1, and 2010, we had 0.7 million, 0.7 million, and 0.5 million stock options outstanding (Note 12) that were not included in the calculation of diluted weighted average shares outstanding for those periods because the options’ exercise prices were greater than the average market price of our common stock or the options were otherwise unexerciseable. We also have 4.3 million common stock warrants outstanding at August 31, 201 2 that have an exercise price of $8.00 per share (Note 9). These warrants, which expire in March 2013, and unexercisable stock options described above will have a more pronounced dilutive impact on our EPS calculation in future periods if the market price of our common stock increases.

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration