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, 2023

EARNINGS PER SHARE

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, 2023 and 2022.


	Year Ended
(In thousands, except share and per share amounts)	August 31, 2023		August 31, 2022
Net income	$	4,699	$	9,619

Basic weighted average common shares		24,031,068		23,953,740
Effect of dilutive securities		74,999		202,250
Weighted average shares applicable to diluted earnings per share		24,106,067		24,155,990

Earnings per share - basic	$	0.20	$	0.40
Earnings per share - diluted	$	0.19	$	0.40