Rendering

Component: (Network and Table)
Network
00000026 - Disclosure - 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
(http://aehr.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001040470 (http://www.sec.gov/CIK)
Organization And Summary Of Significant Accounting Policies TablesPeriod [Axis]
2015-06-01 - 2016-05-31
Organization And Summary Of Significant Accounting Policies Tables
 
Financial assets and liabilities measured at fair value on a recurring basis

   The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of May 31, 2016 (in thousands):

 

    

 

Balance as of 

                
    

May 31, 2016 

    

 Level 1 

    

 Level 2 

    

 Level 3 

 
Money market funds  $1   $1   $—     $—   
Certificate of deposit   50    —      50    —   
Assets  $51   $1   $50   $—   
                     

 

   The following table summarizes the Company’s financial assets measured at fair value on a recurring basis as of May 31, 2015 (in thousands):

 

    

Balance as of 

                
    

May 31, 2015 

    

Level 1 

    

Level 2 

    

Level 3 

 
Money market funds  $4,650   $4,650   $—     $—   
Certificate of deposit   50    —      50    —   
Assets  $4,700   $4,650   $50   $—   
                     

 

  
Useful life for property and equipment

The ranges of estimated useful lives are generally as follows:

 

Furniture and fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2 to 6 years

 

Machinery and equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . .3 to 6 years

 

Test equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 to 6 years

 

  
Compensation costs related to the Company's stock-based compensation

    The following table summarizes compensation costs related to the Company’s stock-based compensation for the years ended May 31, 2016, 2015 and 2014 (in thousands, except per share data):

 

  

Year Ended May 31, 

 

2016 

 

2015 

2014 

Stock-based compensation in the form of stock options, RSUs, and ESPP purchase rights, included in:         
          
Cost of sales  $87   $70   $43 
Selling, general and administrative   723    726    643 
Research and development   206    201    167 
                
Net effect on net (loss) income  $1,016   $997   $853 
                
Effect on net (loss) income per share:               
  Basic  $0.08   $0.08   $0.08 
  Diluted  $0.08   $0.08   $0.07 
  
Fair value assumptions for Option Valuation Model

    Fair Value. The fair values of the Company’s stock options granted to employees shares in fiscal 2016, 2015 and 2014 were estimated using the following weighted average assumptions in the Black-Scholes option valuation method:

 

 

   Year Ended May 31,
   2016  2015  2014
Option plan shares         
Expected term (in years)   4    4    4 
Volatility   0.86    0.90    0.95 
Expected dividend  $0.00   $0.00   $0.00 
Risk-free interest rates   1.21%   1.20%   1.39%
Weighted-average grant date fair value  $1.31   $1.52   $1.09 

 

  
Fair value assumption of the ESPP Purchase Rights

   The fair value of our ESPP purchase rights for the fiscal 2016, 2015 and 2014 was estimated using the following weighted-average assumptions:

 

   Year End May 31,
   2016  2015  2014
Employee stock purchase plan shares         
Expected term (in years)     0.5 – 2.0      0.5 – 2.0      0.5 – 2.0 
Volatility     0.64 – 0.74      0.55 – 0.83      0.86 – 1.00 
Expected dividend  $0.00   $0.00   $0.00 
Risk-free interest rates     0.40%–0.76%       0.04%–0.55%       0.04%–0.44%  
Weighted-average grant date fair value  $0.80   $1.43   $1.34 

 

  
Basic and diluted EPS

The following table presents the computation of basic and diluted net (loss) income per share attributable to Aehr Test Systems common shareholders (in thousands, except per share data):

 

  

Year Ended May 31, 

  

2016 

 

2015 

 

2014 

Numerator: Net (loss) income  $(6,785)  $(6,647)  $422 
                
Denominator for basic net (loss) income per share:               
  Weighted-average shares outstanding   13,091    12,047    10,877 
                
Shares used in basic net (loss) income per share calculation   13,091    12,047    10,877 
                
Effect of dilutive securities   —      —      1,012 
                
                
Denominator for diluted net (loss) income per share   13,091    12,047    11,889 
                
Basic net (loss) income per share  $(0.52)  $(0.55)  $0.04 
                
Diluted net (loss) income per share  $(0.52)  $(0.55)  $0.04