Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

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EARNINGS PER SHARE
9 Months Ended
May 31, 2026
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, 2026 and 2025, the Company excluded 398,451 options and 421,988 options, respectively, because their impact was anti-dilutive. For the nine months ended May 31, 2026 and 2025, the Company excluded 393,614 and 399,762 options, respectively, because their impact was anti-dilutive.

Three Months Ended

Nine Months Ended

(In thousands, except share and per share amounts)

  ​ ​ ​

May 31, 2026

  ​ ​ ​

May 31, 2025

  ​ ​ ​

May 31, 2026

  ​ ​ ​

May 31, 2025

Net income

$

2,948

$

2,256

$

8,618

$

7,002

Basic weighted average common shares

24,103,966

24,076,022

24,095,277

24,077,188

Effect of dilutive securities

59,049

67,512

63,886

89,738

Weighted average shares applicable to diluted earnings per share

24,163,015

24,143,534

24,159,163

24,166,926

Earnings per share - basic

$

0.12

$

0.09

$

0.36

$

0.29

Earnings per share - diluted

$

0.12

$

0.09

$

0.36

$

0.29