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EARNINGS PER SHARE | 12 Months Ended
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Aug. 31, 2023
EARNINGS PER SHARE |
EARNINGS PER SHARE | NOTE 16 – EARNINGS PER SHARE Certain outstanding options are excluded from the diluted earnings per share calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). No options were excluded for the fiscal years ended August 31, 2023 and 2022. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended
(In thousands, except share and per share amounts) |  | August 31, 2023 |  | August 31, 2022
Net income | ​ | $ | 4,699 | ​ | $ | 9,619
​ | ​ | ​ | ​ | ​ | ​ | ​
Basic weighted average common shares | ​ | ​ | 24,031,068 | ​ | ​ | 23,953,740
Effect of dilutive securities | ​ | ​ | 74,999 | ​ | ​ | 202,250
Weighted average shares applicable to diluted earnings per share | ​ | ​ | 24,106,067 | ​ | ​ | 24,155,990
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share - basic | ​ | $ | 0.20 | ​ | $ | 0.40
Earnings per share - diluted | ​ | $ | 0.19 | ​ | $ | 0.40
​

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