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, 2022

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

NOTE 16 – 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 years ended August 31, 2022 and 2021.


	Year Ended
(In thousands, except share and per share amounts)	August 31, 2022		August 31, 2021
Net income	$	9,619	$	20,110

Basic weighted average common shares		23,953,740		23,890,792
Effect of dilutive securities		202,250		220,126
Weighted average shares applicable to diluted earnings per share		24,155,990		24,110,918

Earnings per share - basic	$	0.40	$	0.84
Earnings per share - diluted	$	0.40	$	0.83