Earnings (Loss) Per Share

6 Months Ended

Aug. 31, 2016

Notes to Financial Statements

Earnings Per Share

NOTE 6: EARNINGS (LOSS) PER SHARE

The denominators for the calculation of diluted earnings per share at August 31, 2016 and 2015 are calculated as follows:

	Six Months Ended August 31,				Three Months Ended August 31,
	2016		2015		2016		2015
Denominator for basic earnings (loss) per share		14,961,076		14,938,615		14,961,076		14,944,124
Dilutive effect of stock options		—		94,973		—		101,942
Denominator for diluted earnings (loss) per share		14,961,076		15,033,588		14,961,076		15,046,066

The effect of stock options for the three and six months ended August 31, 2016 are not used in the calculation of earnings per share. Due to the net loss for the three and six month periods ended August 31, 2016, the inclusion of stock options in the calculations would have an anti-dilutive effect.

For the three and six months ended August 31, 2016, potentially dilutive securities excluded from the computation of basic and diluted net income (loss) per share consist of 369,520 stock options.