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EARNINGS PER SHARE | 3 Months Ended
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Nov. 30, 2024
EARNINGS PER SHARE |
EARNINGS PER SHARE | ​ NOTE 12 – EARNINGS PER SHARE ​ Earnings per share (“EPS”) is calculated by dividing net income attributable to common shareholders by the weighted-average shares of common stock outstanding during the period. Certain outstanding options are excluded from the diluted EPS calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease EPS). For the three months ended November 30, 2024 and 2023, the Company excluded 404,060 options and 487,882 options because their impact was anti-dilutive. ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
(In thousands, except share and per share amounts) |  | November 30, 2024 |  | November 30, 2023
Net income | ​ | $ | 3,937 | ​ | $ | 2,065
​ | ​ | ​ | ​ | ​ | ​ | ​
Basic weighted average common shares | ​ | ​ | 24,071,907 | ​ | ​ | 24,078,544
Effect of dilutive securities | ​ | ​ | 85,440 | ​ | ​ | 75,118
Weighted average shares applicable to diluted earnings per share | ​ | ​ | 24,157,347 | ​ | ​ | 24,153,662
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share - basic | ​ | $ | 0.16 | ​ | $ | 0.09
Earnings per share - diluted | ​ | $ | 0.16 | ​ | $ | 0.09
​

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