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Earnings Per Share (Tables)
12 Months Ended
Aug. 31, 2012
Earnings Per Share [Abstract]  
Computation Of EPS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 years ended August 31, 2012 and August 31, 2011, basic weighted average shares for those periods 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.