XML 33 R20.htm IDEA: XBRL DOCUMENT
v3.24.2

NET INCOME PER SHARE | 12 Months Ended
--- | ---
May 31, 2024
Net income per share: |
NET INCOME PER SHARE | 13. NET INCOME PER SHARE Basic net income per share is determined using the weighted average number of common shares outstanding during the period. Diluted net income per share is determined using the weighted average number of common shares and potential common shares (representing the hypothetical number of incremental shares issuable under the assumed exercise of outstanding stock options, and vesting of outstanding RSUs and ESPP shares) during the period using the treasury stock method. The calculation of dilutive shares outstanding excludes securities that would have an antidilutive effect on net income per share. The following table presents the computation of basic and diluted net income per share:
|  | Year Ended May 31 |
(In thousands, except per share data) |  | 2024 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |
Net income |  | $ | 33,156 |  |  | $ | 14,557 |  |  | $ | 9,450 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares outstanding |  |  | 28,818 |  |  |  | 27,785 |  |  |  | 26,014 |
Dilutive effect of common equivalent shares outstanding |  |  | 799 |  |  |  | 1,430 |  |  |  | 1,760 |
Diluted weighted average shares outstanding |  |  | 29,617 |  |  |  | 29,215 |  |  |  | 27,774 |
Net income per share - Basic |  | $ | 1.15 |  |  | $ | 0.52 |  |  | $ | 0.36 |
Net income per share - Diluted |  | $ | 1.12 |  |  | $ | 0.50 |  |  | $ | 0.34 |
Antidilutive employee share-based awards, excluded |  |  | 351 |  |  |  | 5 |  |  |  | 64 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration