Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.23.1
EARNINGS PER SHARE
6 Months Ended
Feb. 28, 2023
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 13 – EARNINGS PER SHARE

Earnings per share (EPS) is calculated by dividing net income attributable to common shareholders by the weighted-average shares of common stock outstanding during the period. Certain outstanding options are excluded from the diluted EPS calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease EPS). For the three months ended February 28, 2023 and 2022, the Company excluded 593,975 options and 517,980 options because their impact was anti-dilutive. For the six months ended February 28, 2023 and 2022, the Company excluded 603,088 options and 494,728 options because their impact was anti-dilutive.

Three Months Ended

Six Months Ended

(In thousands, except share and per share amounts)

    

February 28, 2023

    

February 28, 2022

    

February 28, 2023

    

February 28, 2022

Net income

$

189

$

1,693

$

348

$

3,207

Basic weighted average common shares

24,023,775

23,944,141

24,004,677

23,931,307

Effect of dilutive securities

118,525

240,020

109,412

263,272

Weighted average shares applicable to diluted earnings per share

24,142,300

24,184,161

24,114,089

24,194,579

Earnings per share - basic

$

0.01

$

0.07

$

0.01

$

0.13

Earnings per share - diluted

$

0.01

$

0.07

$

0.01

$

0.13