Quarterly report [Sections 13 or 15(d)]

EARNINGS PER SHARE

v3.25.1
EARNINGS PER SHARE
6 Months Ended
Feb. 28, 2025
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 28, 2025 and February 29, 2024, the Company excluded 377,040 options and 468,631 options because their impact was anti-dilutive. For the six months ended February 28, 2025 and February 29, 2024, the Company excluded 389,603 options and 466,249 options because their impact was anti-dilutive.

Three Months Ended

Six Months Ended

(In thousands, except share and per share amounts)

    

February 28, 2025

    

February 29, 2024

    

February 28, 2025

    

February 29, 2024

Net income

$

809

$

118

$

4,746

$

2,183

Basic weighted average common shares

24,083,718

24,086,826

24,077,780

24,084,773

Effect of dilutive securities

112,460

62,369

99,897

64,751

Weighted average shares applicable to diluted earnings per share

24,196,178

24,149,195

24,177,677

24,149,524

Earnings per share - basic

$

0.03

$

0.00

$

0.20

$

0.09

Earnings per share - diluted

$

0.03

$

0.00

$

0.20

$

0.09