v2.3.0.11
Net Income Per Share
 3 Months Ended
Aug. 31, 2011
Net Income Per Share  
Net Income Per Share

3. NET INCOME PER SHARE

The calculation of net income per share follows:

 

     Three Months Ended
August 31,		  
     2011      2010  
     (In thousands, except per share amounts)  

Numerator for basic and diluted net income per share:

      

Net income

    $ 6,004       $ 5,824   

Denominator:

      

Denominator for basic net income per share:

      

Weighted average shares

      23,326         22,677   

Effect of dilutive stock options and warrants

      735         767   
  

 

 

     

 

 

  

Denominator for diluted net income per share

      24,061         23,444   

Net income per share:

      

Basic

    $ .26       $ .26   
  

 

 

     

 

 

  

Diluted

    $ .25       $ .25