Income (Loss) Per Share
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Feb. 28, 2015
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INCOME (LOSS) PER SHARE |
INCOME (LOSS) PER SHARE
Basic income (loss) earnings per share is calculated using the average number of common shares outstanding. Diluted income (loss) earnings per share is computed on the basis of the average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock method”.
312,000 and 100,000 shares underlying stock options were excluded from the diluted loss per share for the quarters ended February 28, 2015 and 2014, respectively, because the effects of such shares were anti-dilutive.
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