Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE

v3.24.1.u1
EARNINGS PER SHARE
6 Months Ended
Feb. 29, 2024
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 February 29, 2024 and February 28, 2023, the Company excluded 468,631 options and 593,975 options because their impact was anti-dilutive. For the six months ended February 29, 2024 and February 28, 2023, the Company excluded 466,249 options and 603,088 options because their impact was anti-dilutive.

Three Months Ended

Six Months Ended

(In thousands, except share and per share amounts)

    

February 29, 2024

    

February 28, 2023

    

February 29, 2024

    

February 28, 2023

Net income

$

118

$

189

$

2,183

$

348

Basic weighted average common shares

24,086,826

24,023,775

24,084,773

24,004,677

Effect of dilutive securities

62,369

118,525

64,751

109,412

Weighted average shares applicable to diluted earnings per share

24,149,195

24,142,300

24,149,524

24,114,089

Earnings per share - basic

$

0.00

$

0.01

$

0.09

$

0.01

Earnings per share - diluted

$

0.00

$

0.01

$

0.09

$

0.01