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Earnings Per Share
 12 Months Ended
Aug. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share

15.EARNINGS PER SHARE



The following is a reconciliation from basic earnings per share (EPS) to diluted EPS (in thousands, except per-share amounts).



 

 

 

 

 

 



 

 

 

 

 

 

YEAR ENDED

 

 

 

 

 

 

AUGUST 31,

 

 2016 

 

 2015 

 

 2014 

Numerator for basic and

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

Net income

$

 7,016 

$

 11,116 

$

 18,067 



 

 

 

 

 

 

Denominator for basic and

 

 

 

 

 

 

diluted earnings per share:

 

 

 

 

 

 

Basic weighted average shares

 

 

 

 

 

 

outstanding

 

 14,944 

 

 16,742 

 

 16,720 

Effect of dilutive securities:

 

 

 

 

 

 

Stock options and other

 

 

 

 

 

 

stock-based awards

 

 132 

 

 181 

 

 227 

Diluted weighted average shares

 

 

 

 

 

 

outstanding

 

 15,076 

 

 16,923 

 

 16,947 



 

 

 

 

 

 

EPS Calculations:

 

 

 

 

 

 

Net income per share:

 

 

 

 

 

 

Basic

$

 0.47 

$

 0.66 

$

 1.08 

Diluted

 

 0.47 

 

 0.66 

 

 1.07 



Other securities, including performance stock-based compensation instruments, may have a dilutive effect on our EPS calculation in future periods if our financial results reach specified targets (Note 10).