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Earnings Per Share
6 Months Ended
Feb. 27, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

 

NOTE 6 – EARNINGS PER SHARE

 

The following is a reconciliation from basic earnings per share (EPS) to diluted EPS (in thousands, except per-share amounts).

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

Two Quarters Ended

 

 

February 27,

 

 

February 28,

 

 

February 27,

 

 

February 28,

 

 

2016

 

 

2015

 

 

2016

 

 

2015

Numerator for basic and

 

 

 

 

 

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

$

(448)

 

$

427 

 

$

342 

 

$

2,255 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and

 

 

 

 

 

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares

 

 

 

 

 

 

 

 

 

 

 

outstanding

 

15,299 

 

 

16,908 

 

 

15,758 

 

 

16,889 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Stock options and other

 

 

 

 

 

 

 

 

 

 

 

share-based awards

 

 -

 

 

178 

 

 

145 

 

 

200 

Diluted weighted average

 

 

 

 

 

 

 

 

 

 

 

shares outstanding

 

15,299 

 

 

17,086 

 

 

15,903 

 

 

17,089 

 

 

 

 

 

 

 

 

 

 

 

 

EPS Calculations:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(0.03)

 

$

0.03 

 

$

0.02 

 

$

0.13 

Diluted

 

(0.03)

 

 

0.02 

 

 

0.02 

 

 

0.13 

 

Other securities, including performance share-based compensation instruments, may have a dilutive effect upon our EPS calculation in future periods if our financial results reach specified targets.