Note 9 - Earnings Per Share

12 Months Ended

Aug. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

9. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

	2014		2013		2012
Net Income	$	1,224,124	$	729,687	$	1,473,362
Denominator for earnings per share:
Weighted average shares; denominator for basic earnings per share		2,899,576		2,882,949		2,849,066
Effect of dilutive securities; employee and non-employee options		64,808		59,878		53,837
Dilutive common shares; denominator for diluted earnings per share		2,964,384		2,942,827		2,902,903
Basic earnings per share	$	.42	$	.25	$	.52
Dilutive earnings per share	$	.41	$	.25	$	.51

Stock options to purchase 85,113 and 15,334 shares of common stock were outstanding during the years ended August 25, 2013 and August 26, 2012, respectively, but were not included in the computation of diluted income per share. The inclusion of these options would have been anti-dilutive as the options’ exercise prices were greater than the average market price of the Company’s common shares during the relevant period.