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Earnings (loss) per Common Share (Tables)
12 Months Ended
Aug. 31, 2012
Reconciliation of Income from Operations Applicable to Common Shares and Computation of Diluted Weighted Average Shares Outstanding

of in-the-money stock options, using the treasury stock method. The following table presents the reconciliation of income from continuing operations to income from continuing operations applicable to common shares and the computation of diluted weighted average shares outstanding for the fiscal years 2012, 2011 and 2010.

 

      Year Ended August 31,  
     2012     2011     2010  
     (in thousands)  

Numerator:

      

Loss from continuing operations

   $ (9,566   $ (5,117   $ (9,629

Less: Allocation to participating securities

     —          —          (84
  

 

 

   

 

 

   

 

 

 

Loss from continuing operations applicable to common shares and equivalents

   $ (9,566   $ (5,117   $ (9,713
  

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations

   $ —        $ —        $ 16,312   

Less: Allocation to participating securities

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations applicable to common shares and equivalents

   $ —        $ —        $ 16,312   
  

 

 

   

 

 

   

 

 

 

Net income (loss)

   $ (9,566   $ (5,117   $ 6,683   

Less: Allocation to participating securities

     —          —          (84
  

 

 

   

 

 

   

 

 

 

Net income (loss) applicable to common shares and equivalents

   $ (9,566   $ (5,117   $ 6,599   
  

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted average common shares and equivalents outstanding, basic

     12,294         12,251         11,601   

Dilutive stock options and awards

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Weighted average common shares and equivalents outstanding, diluted

     12,294         12,251         11,601