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