Note 12 - Earnings Per Share

6 Months Ended

Feb. 12, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 12. Earnings Per Share

 Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding and unvested restricted stock for the reporting period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the calculation of diluted net income per share, the basic weighted average number of shares is increased by the dilutive effect of stock options determined using the treasury stock method. Stock options excluded from the computation of net income per share for the two quarters ended February 12, 2014 include approximately 37,000 shares with exercise prices exceeding market prices and approximately 250,000 shares whose inclusion would also be anti-dilutive.

The components of basic and diluted net income per share are as follows:

	Quarter Ended						Two Quarters Ended
	February 12, 2014			February 13, 2013			February 12, 2014			February 13, 2013
	(12 weeks)			(12 weeks)			(24 weeks)			(24 weeks)
	(In thousands except per share data)
Numerator:
Income (loss) from continuing operations	$	(2,053	)	$	634		$	(2,911	)	$	807
Loss from discontinued operations		(131	)		(454	)		(818	)		(536	)
Net income (loss)	$	(2,184	)	$	180		$	(3,729	)		271
Denominator:
Denominator for basic earnings per share – weighted-average shares		28,775			28,614			28,770			28,500
Effect of potentially dilutive securities:
Employee and non-employee stock options		—			211			—			198
Denominator for earnings per share assuming dilution		28,775			28,825			28,770			28,698
Income (loss) per share from continuing operations:
Basic	$	(0.07	)	$	0.02		$	(0.10	)	$	0.03
Assuming dilution	$	(0.07	)	$	0.02		$	(0.10	)	$	0.03
Loss per share from discontinued operations:
Basic	$	(0.01	)	$	(0.01	)	$	(0.03	)	$	(0.02	)
Assuming dilution	$	(0.01	)	$	(0.01	)	$	(0.03	)	$	(0.02	)
Net income (loss) per share:
Basic	$	(0.08	)	$	0.01		$	(0.13	)	$	0.01
Assuming dilution	$	(0.08	)	$	0.01		$	(0.13	)	$	0.01