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Note 17 - Earnings Per Share

9 Months Ended

Aug. 31, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

17. EARNINGS PER SHARE

For the three and nine months ended August 31, 2025 and 2024, the Company recorded net income and, as such, used diluted weighted-average common shares outstanding when calculating diluted income per share for the three and nine months ended August 31, 2025 and 2024. Stock options and RSUs that could potentially dilute basic earnings per share (“EPS”) in the future are included in the computation of diluted income per share.

		For the Three Months Ended								For the Nine Months Ended
		August 31,								August 31,
		2025				2024				2025				2024
Net income		$	2,235			$	1,025			$	6,324			$	3,120
Weighted-average number of shares used in computing net income per share, basic			22,691,574				22,758,155				22,649,525				22,509,018
Net income per share - basic		$	0.10			$	0.05			$	0.28			$	0.14
Weighted-average number of shares used in computing net income per share, diluted			24,103,760				23,410,159				24,147,430				23,072,498
Net income per share - diluted		$	0.09			$	0.04			$	0.26			$	0.14

The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and nine months ended August 31, 2025 and 2024:

		For the Three Months Ended								For the Nine Months Ended
		August 31,								August 31,
		2025				2024				2025				2024
Weighted-average common shares outstanding- basic			22,691,574				22,758,155				22,649,525				22,509,018
Assumed conversion of:
Dilutive stock options			679,720				135,886				657,234				113,617
Dilutive RSUs			732,465				516,118				840,670				449,863
Weighted-average common share outstanding- diluted			24,103,760				23,410,159				24,147,430				23,072,498

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net income per share for the periods indicated because including them would have had an anti-dilutive effect:

		For the Three Months Ended								For the Nine Months Ended
		August 31,								August 31,
		2025				2024				2025				2024
Options			—				437,666				—				437,666
RSUs			20,919				16,513				41,944				41,513
Total			20,919				454,179				41,944				479,179

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- References

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- 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

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