NOTE 10 – LOSS PER SHARE

The following schedule shows the calculation of loss per share for the periods presented (in thousands, except per-share amounts).



	Quarter Ended				Three Quarters Ended
		May 31,		May 31,		May 31,		May 31,
		2020		2019		2020		2019
Numerator for basic and
diluted loss per share:
Net loss	$	(10,968)	$	(2,024)	$	(10,415)	$	(6,898)

Denominator for basic and
diluted loss per share:
Basic weighted average shares
outstanding		13,869		13,963		13,897		13,939
Effect of dilutive securities:
Stock options and other
stock-based awards		-		-		-		-
Diluted weighted average
shares outstanding		13,869		13,963		13,897		13,939

EPS Calculations:
Net loss per share:
Basic and diluted	$	(0.79)	$	(0.14)	$	(0.75)	$	(0.49)

Since we incurred a net loss for the quarter and three quarters ended May 31, 2020, no potentially dilutive securities are included in the calculation of diluted loss per share for those periods because such effect would be anti-dilutive. The number of dilutive stock options and other stock-based awards as of May 31, 2020 would have been approximately 56,000 shares.