Earnings Per Share

12 Months Ended

Aug. 27, 2017

Earnings Per Share [Abstract]

Earnings Per Share

11. EARNINGS PER SHARE

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

	2017			2016		2015
Net income (loss) $	$	(814,297	)	$	173,048	$	997,068
Denominator for earnings per share:
Weighted average shares; denominator for basic earnings per share		2,930,580			2,919,500		2,910,426
Effect of dilutive securities; employee and non-employee options		-			8,626		49,972
Dilutive common shares; denominator for diluted earnings per share		2,930,580			2,928,126		2,960,398
Basic earnings per share	$	(.28	)	$	.06	$	.34
Dilutive earnings per share	$	(.28	)	$	.06	$	.34

Stock options to purchase 330,201 and 397,001 shares of common stock were outstanding during the years ended August 27, 2017 and August 28, 2016, 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.