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Earnings (Loss) Per Share
12 Months Ended
Aug. 31, 2017
Earnings (Loss) Per Share [Abstract]  
Earnings (Loss) Per Share



16.EARNINGS (LOSS) PER SHARE



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



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

2017 

 

2016 

 

2015 

Numerator for basic and

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

Net income (loss)

$

(7,172)

$

7,016 

$

11,116 



 

 

 

 

 

 

Denominator for basic and

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

Basic weighted average shares

 

 

 

 

 

 

outstanding

 

13,819 

 

14,944 

 

16,742 

Effect of dilutive securities:

 

 

 

 

 

 

Stock options and other

 

 

 

 

 

 

stock-based awards

 

 -

 

132 

 

181 

Diluted weighted average shares

 

 

 

 

 

 

outstanding

 

13,819 

 

15,076 

 

16,923 



 

 

 

 

 

 

EPS Calculations:

 

 

 

 

 

 

Net income (loss) per share:

 

 

 

 

 

 

Basic

$

(0.52)

$

0.47 

$

0.66 

Diluted

 

(0.52)

 

0.47 

 

0.66 



Since we incurred a net loss for the fiscal year ended August 31, 2017, no potentially dilutive securities were included in the calculation of our earnings per share because the inclusion of these securities would be antidilutive.  The number of dilutive securities that would have been included at August 31, 2017 would have been approximately 0.2 million shares.  Other securities, including performance stock-based compensation instruments, may have a dilutive effect on our EPS calculation in future periods if our financial results reach specified targets (Note 11).