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Stock Repurchases | 12 Months Ended
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May 31, 2020
Stock Repurchases |
10. | Stock Repurchases
In October 2018, the Company’s Board of Directors passed a resolution terminating the Company’s prior stock buyback program, which had been approved in December 2008, and authorized a new program to purchase, subject to market conditions, up to 3,000,000 shares of the Company’s common stock. In December 2018, the Company purchased 50,000 shares under the new program in open market transactions for a total price, including commissions, of $ 3,134,727 . Shares acquired under the program were retired. A total of 2,950,000 shares of common stock remain available for repurchase under this program as of May 31, 2020.

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- Definition The entire disclosure for treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -URI http://asc.fasb.org/subtopic&trid=2208821 + Details
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