Income (Loss) Per Share
|6 Months Ended|
May 31, 2016
|Earnings Per Share [Abstract]|
|INCOME (LOSS) PER SHARE||INCOME (LOSS) PER SHARE
Basic earnings (loss) per share is calculated using the average number of common shares outstanding. Diluted earnings (loss) 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”.
For the three and six month periods ending May 31, 2016 and 2015 there were 404,000 and 312,000 shares, respectively, underlying previously issued stock options that were excluded from diluted loss per share because the effects of such shares were anti-dilutive.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef