Annual report [Section 13 and 15(d), not S-K Item 405]

Note 14 - Earnings Per Share

v3.25.4
Note 14 - Earnings Per Share
12 Months Ended
Nov. 30, 2025
Notes to Financial Statements  
Earnings Per Share [Text Block]

14.

EARNINGS PER SHARE

 

Diluted earnings per share (“EPS”) includes the effect of potentially dilutive common stock equivalents, including stock options and restricted stock units (“RSUs”), to the extent such securities are dilutive. Basic EPS is computed using the weighted‑average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted.

 

   

November 30,

 
   

2025

   

2024

 

Net income

  $ 9,687     $ 12,792  
                 

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

    22,665,395       22,504,938  

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

    24,149,794       23,139,549  

Net income per share - basic

  $ 0.43     $ 0.57  

Net income per share - diluted

  $ 0.40     $ 0.55  

 

The Company’s potential dilutive securities, which include stock options and RSUs have been excluded from the computation of diluted net income per share as the effect would be anti-dilutive. 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 attributable to common stockholders for the periods indicated because including them would have had an anti-dilutive effect:

 

   

November 30,

 
   

2025

   

2024

 

Stock options

          256,423  

Restricted stock

    29,233       19,374  

Total

    29,233       275,797