Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.21.2
EARNINGS PER SHARE (Tables)
12 Months Ended
Aug. 31, 2021
EARNINGS PER SHARE [Abstract]  
Earnings per Share

Certain outstanding options are excluded from the diluted earnings per share calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). No options were excluded for the fiscal year ended August 31, 2021. The excluded options totaled 50,000 for the fiscal year ended August 31, 2020.

Year Ended

August 31,

August 31,

    

2021

    

2020

Net income

$

20,110

$

6,750

Basic weighted average common shares

23,890,792

23,845,015

Effect of dilutive securities

220,126

216,597

Weighted average shares applicable to diluted earnings per share

24,110,918

24,061,612

Earnings per share - basic

$

0.84

$

0.28

Earnings per share - diluted

$

0.83

$

0.28