Earnings (Loss) Per Share

6 Months Ended

Aug. 31, 2017

Notes to Financial Statements

Earnings (Loss) Per Share

NOTE 6: EARNINGS (LOSS) PER SHARE

The denominators for the calculation of diluted earnings per share at August 31, 2017 and 2016 are calculated as follows:

	Six Months Ended August 31,				Three Months Ended August 31,
	2017		2016		2017		2016
Denominator for basic earnings (loss) per share		14,961,137		14,961,076		14,961,197		14,961,076
Dilutive effect of stock options		98,889		—		103,434		—
Denominator for diluted earnings (loss) per share		15,060,026		14,961,076		15,064,631		14,961,076

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.