Earnings Per Share

3 Months Ended

Nov. 26, 2016

NOTE 5 – EARNINGS PER SHARE

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



	Quarter Ended
		November 26,		November 28,
		2016		2015
Numerator for basic and
diluted earnings per share:
Net income (loss)	$	(3,958)	$	790

Denominator for basic and
diluted earnings per share:
Basic weighted average shares
outstanding		13,791		16,218
Effect of dilutive securities:
Stock options and other
stock-based awards		-		134
Diluted weighted average
shares outstanding		13,791		16,352

EPS Calculations:
Net income (loss) per share:
Basic and diluted	$	(0.29)	$	0.05

Since we incurred a net loss for the quarter ended November 26, 2016, no potentially dilutive securities are included in the calculation of diluted earnings per share because such effect would be anti-dilutive. The number of dilutive stock options and other stock-based awards for the quarter ended November 26, 2016 would have been approximately 163,000 shares. Other securities, including performance stock-based compensation instruments, may have a dilutive effect upon our EPS calculation in future periods if we achieve specified targets.