Summary of Quarterly Data (Unaudited)

12 Months Ended

May 31, 2021

Quarterly Financial Information [Text Block]

11.	Summary of Quarterly Data (Unaudited)


	Quarter Ended
(in thousands, except per share)	August 2020		November 2020		February 2021		May 2021
Total Revenue	$	109,325	$	115,000	$	116,709	$	127,425
Gross Margin		50,302		53,214		53,849		57,691
Net income		15,860		15,885		13,377		15,760
Basic net income per share	$	0.15	$	0.15	$	0.13	$	0.15
Diluted net income per share	$	0.15	$	0.15	$	0.12	$	0.15

	Quarter Ended
(in thousands, except per share)	August 2019		November 2019		February 2020		May 2020
Total Revenue	$	101,424	$	107,803	$	99,869	$	109,074
Gross Margin		48,194		51,026		45,330		51,729
Net income		14,652		16,276		12,200		16,347
Basic net income per share	$	0.14	$	0.15	$	0.12	$	0.15
Diluted net income per share	$	0.14	$	0.15	$	0.11	$	0.15

Quarterly net income per share is based on weighted-average shares outstanding and potentially dilutive stock options for the specific period and as a result, will not necessarily aggregate to total net income per share as computed for the year as disclosed in the consolidated statements of income.