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Earnings Per Share | 9 Months Ended
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Jun. 01, 2013
Earnings Per Share [Abstract] |
Earnings Per Share | NOTE 9 – 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. Prior to the collection of the management stock loans in the second quarter of fiscal 2013, the 3.3 million management common stock loan shares held in escrow we re included in our basic EPS calculation during periods of net income and were excluded from the basic EPS calculation in periods of net loss because they were determined to be participating securities and continue d to have equivalent common stock dividend rights. These shares were not outstanding during the quarter ended June 1, 2013 and the number of common shares outstanding declined substantially compared with prior fiscal quarters. The following table presents the computation of our EPS for the periods indicated (in thous ands, except per share amounts).
| Quarter Ended |  | Three Quarters Ended
|  | June 1, |  |  | May 26, |  |  | June 1, |  |  | May 26,
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012
Numerator for basic and |  |  |  |  |  |  |  |  |  |  |
diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |
Income before income taxes | $ | 3,527 |  | $ | 2,783 |  | $ | 10,888 |  | $ | 8,016
Provision for income taxes |  | (1,416) |  |  | (1,166) |  |  | (4,289) |  |  | (3,575)
Net income | $ | 2,111 |  | $ | 1,617 |  | $ | 6,599 |  | $ | 4,441
Denominator for basic and |  |  |  |  |  |  |  |  |  |  |
diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares |  |  |  |  |  |  |  |  |  |  |
outstanding(1) |  | 16,330 |  |  | 17,797 |  |  | 17,680 |  |  | 17,765
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Stock options and other |  |  |  |  |  |  |  |  |  |  |
share-based awards |  | 91 |  |  | 10 |  |  | 80 |  |  | 22
Common stock warrants |  | - |  |  | 509 |  |  | 709 |  |  | 413
Diluted weighted average |  |  |  |  |  |  |  |  |  |  |
shares outstanding |  | 16,421 |  |  | 18,316 |  |  | 18,469 |  |  | 18,200
EPS Calculations: |  |  |  |  |  |  |  |  |  |  |
Net income per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.13 |  | $ | 0.09 |  | $ | 0.37 |  | $ | 0.25
Diluted |  | 0.13 |  |  | 0.09 |  |  | 0.36 |  |  | 0.24
(1) Since we recognized net income for all of the periods presented in this report, basic weighted average shares for the three quarters ended June 1, 2013 (for the period outstanding) and for the quarter and three quarters ended May 26, 2012 include 3.3 million shares of common stock held by management stock loan participants that were placed in escrow. At June 1, 2013 and May 2 6, 2012, we had approxima tely 0.2 million and 0.7 million stock options outstanding that were not included in the computation of diluted EPS because the options’ exercise prices were greater than the average market price of our common shares for the respective periods. Although these shares were not included in our calculation of diluted EPS, these stock options, and other dilutive securities, including performance share-based compensation instruments, may have a dilutive effect on our EPS calculation in future periods if the price of our common stock increases.

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- 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 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: 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 3: 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 Reference 4: 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 5: 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 6: 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 + Details
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