Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

9 Months Ended

May 31, 2022


	Three Months Ended				Nine Months Ended
(In thousands, except share and per share amounts)	May 31, 2022		May 31, 2021		May 31, 2022		May 31, 2021

Net income	$	837	$	624	$	4,044	$	18,276

Basic weighted average common shares		23,970,290		23,907,140		23,944,394		23,885,179
Effect of dilutive securities		154,296		277,255		239,106		219,229
Weighted average shares applicable to diluted earnings per share		24,124,586		24,184,395		24,183,500		24,104,408

Earnings per share - basic	$	0.03	$	0.03	$	0.17	$	0.77
Earnings per share - diluted	$	0.03	$	0.03	$	0.17	$	0.76