Annual report pursuant to Section 13 and 15(d)

EARNINGS PER SHARE (Tables)

v3.22.2.2
EARNINGS PER SHARE (Tables)
12 Months Ended
Aug. 31, 2022
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 years ended August 31, 2022 and 2021.

Year Ended

(In thousands, except share and per share amounts)

    

August 31, 2022

    

August 31, 2021

Net income

$

9,619

$

20,110

Basic weighted average common shares

23,953,740

23,890,792

Effect of dilutive securities

202,250

220,126

Weighted average shares applicable to diluted earnings per share

24,155,990

24,110,918

Earnings per share - basic

$

0.40

$

0.84

Earnings per share - diluted

$

0.40

$

0.83