Quarterly report [Sections 13 or 15(d)]

Note 17 - Earnings Per Share

v3.25.2
Note 17 - Earnings Per Share
9 Months Ended
Aug. 31, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

17.

EARNINGS PER SHARE

 

For the three and nine months ended August 31, 2025 and 2024, the Company recorded net income and, as such, used diluted weighted-average common shares outstanding when calculating diluted income per share for the three and nine months ended August 31, 2025 and 2024. Stock options and RSUs that could potentially dilute basic earnings per share (“EPS”) in the future are included in the computation of diluted income per share.

 

   

For the Three Months Ended

   

For the Nine Months Ended

 
    August 31,     August 31,  
   

2025

   

2024

   

2025

   

2024

 

Net income

  $ 2,235     $ 1,025     $ 6,324     $ 3,120  
                                 

Weighted-average number of shares used in computing net income per share, basic

    22,691,574       22,758,155       22,649,525       22,509,018  

Net income per share - basic

  $ 0.10     $ 0.05     $ 0.28     $ 0.14  

Weighted-average number of shares used in computing net income per share, diluted

    24,103,760       23,410,159       24,147,430       23,072,498  

Net income per share - diluted

  $ 0.09     $ 0.04     $ 0.26     $ 0.14  

 

The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and nine months ended August 31, 2025 and 2024:

 

   

For the Three Months Ended

   

For the Nine Months Ended

 
    August 31,     August 31,  
   

2025

   

2024

   

2025

   

2024

 

Weighted-average common shares outstanding- basic

    22,691,574       22,758,155       22,649,525       22,509,018  

Assumed conversion of:

                               

Dilutive stock options

    679,720       135,886       657,234       113,617  

Dilutive RSUs

    732,465       516,118       840,670       449,863  

Weighted-average common share outstanding- diluted

    24,103,760       23,410,159       24,147,430       23,072,498  

 

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net income per share for the periods indicated because including them would have had an anti-dilutive effect:

 

   

For the Three Months Ended

   

For the Nine Months Ended

 
    August 31,     August 31,  
   

2025

   

2024

   

2025

   

2024

 

Options

          437,666             437,666  

RSUs

    20,919       16,513       41,944       41,513  

Total

    20,919       454,179       41,944       479,179