Pure Cycle Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Aug. 31, 2021

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 15 – 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 year ended August 31, 2021. The excluded options totaled 50,000 for the fiscal year ended August 31, 2020.


	Year Ended
	August 31,		August 31,
	2021		2020

Net income	$	20,110	$	6,750
Basic weighted average common shares		23,890,792		23,845,015
Effect of dilutive securities		220,126		216,597
Weighted average shares applicable to diluted earnings per share		24,110,918		24,061,612
Earnings per share - basic	$	0.84	$	0.28
Earnings per share - diluted	$	0.83	$	0.28