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Net Income Per Share | 9 Months Ended
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May 31, 2023
Net Income Per Share [Abstract] |
Net Income Per Share | NOTE 8 – NET INCOME PER SHARE The following schedule shows the calculation of net income per share for the periods presented (in thousands, except per-share amounts).
| Quarter Ended |  | Three Quarters Ended
|  | May 31, |  |  | May 31, |  |  | May 31, |  |  | May 31,
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022
Numerator for basic and |  |  |  |  |  |  |  |  |  |  |
diluted income per share: |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 4,563 |  | $ | 7,162 |  | $ | 10,969 |  | $ | 12,852
Denominator for basic and |  |  |  |  |  |  |  |  |  |  |
diluted income per share: |  |  |  |  |  |  |  |  |  |  |
Basic weighted average shares |  |  |  |  |  |  |  |  |  |  |
outstanding |  | 13,621 |  |  | 14,173 |  |  | 13,799 |  |  | 14,244
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation awards |  | 652 |  |  | 2 |  |  | 638 |  |  | 29
Diluted weighted average |  |  |  |  |  |  |  |  |  |  |
shares outstanding |  | 14,273 |  |  | 14,175 |  |  | 14,437 |  |  | 14,273
EPS Calculations: |  |  |  |  |  |  |  |  |  |  |
Net income per share: |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 0.33 |  | $ | 0.51 |  | $ | 0.79 |  | $ | 0.90
Diluted |  | 0.32 |  |  | 0.51 |  |  | 0.76 |  |  | 0.90

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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