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EARNINGS PER SHARE (Tables)
6 Months Ended
Nov. 30, 2022
EARNINGS PER SHARE  
Earnings per share

The following table presents the computation of basic and diluted net income per share (in thousands, except per share data):

 

Three Months Ended

 

 

Six Months Ended

 

 

 

November 30,

 

 

November 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator: Net income

 

$3,725

 

 

$717

 

 

$4,314

 

 

$1,413

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic net income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

27,579

 

 

 

26,205

 

 

 

27,410

 

 

 

25,102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in basic net income per share calculation

 

 

27,579

 

 

 

26,205

 

 

 

27,410

 

 

 

25,102

 

Effect of dilutive securities

 

 

1,501

 

 

 

2,137

 

 

 

1,524

 

 

 

1,747

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for diluted net income per share

 

 

29,080

 

 

 

28,342

 

 

 

28,934

 

 

 

26,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net income per share

 

$0.14

 

 

$0.03

 

 

$0.16

 

 

$0.06

 

Diluted net income per share

 

$0.13

 

 

$0.03

 

 

$0.15

 

 

$0.05