Net (Loss) Income Per Share

9 Months Ended

May 31, 2020

Note 11 - Net (Loss) Income Per Share

The following table sets forth the information used to compute basic and diluted net (loss) income per share attributable to SSI shareholders (in thousands):

	Three Months Ended May 31,						Nine Months Ended May 31,
	2020			2019			2020			2019
(Loss) income from continuing operations	$	(4,648	)	$	16,432		$	(6,738	)	$	46,557
Net income attributable to noncontrolling interests		(278	)		(750	)		(1,329	)		(1,585	)
(Loss) income from continuing operations attributable to SSI shareholders		(4,926	)		15,682			(8,067	)		44,972
(Loss) income from discontinued operations, net of tax		(69	)		8			(40	)		(202	)
Net (loss) income attributable to SSI shareholders	$	(4,995	)	$	15,690		$	(8,107	)	$	44,770
Computation of shares:
Weighted average common shares outstanding, basic		27,724			27,510			27,653			27,548
Incremental common shares attributable to dilutive performance share awards, restricted stock units and deferred stock units		—			564			—			636
Weighted average common shares outstanding, diluted		27,724			28,074			27,653			28,184

Common stock equivalent shares of 1,228,857 and 887,760 were considered antidilutive and were excluded from the calculation of diluted net (loss) income per share for the three and nine months ended May 31, 2020, respectively, compared to 388,766 and 283,483, respectively, for the comparable prior year periods.