Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

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EARNINGS PER SHARE
9 Months Ended
May 31, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 12 – 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 May 31, 2025 and 2024, the Company excluded 421,988 options and 475,130 options because their impact was anti-dilutive. For the nine months ended May 31, 2025 and 2024, the Company excluded 399,762 options and 470,217 options because their impact was anti-dilutive.

Three Months Ended

Nine Months Ended

(In thousands, except share and per share amounts)

    

May 31, 2025

    

May 31, 2024

    

May 31, 2025

    

May 31, 2024

Net income

$

2,256

$

2,825

$

7,002

$

5,008

Basic weighted average common shares

24,076,022

24,087,170

24,077,188

24,085,578

Effect of dilutive securities

67,512

55,869

89,738

60,783

Weighted average shares applicable to diluted earnings per share

24,143,534

24,143,039

24,166,926

24,146,361

Earnings per share - basic

$

0.09

$

0.12

$

0.29

$

0.21

Earnings per share - diluted

$

0.09

$

0.12

$

0.29

$

0.21