EARNINGS PER SHARE (Tables)

9 Months Ended

Feb. 28, 2023

Earnings per share

Earnings per share

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

	Three Months Ended				Nine Months Ended
	February 28,				February 28,
	2023		2022		2023		2022
Numerator: Net income	$	4,132	$	2,243	$	8,446	$	3,656
Denominator for basic earnings per share:
Weighted average shares outstanding		27,893		26,871		27,571		25,684
Shares used in basic earnings per share calculation		27,893		26,871		27,571		25,684
Effect of dilutive securities		1,480		1,983		1,509		1,826
Denominator for diluted earnings per share		29,373		28,854		29,080		27,510
Basic earnings per share	$	0.15	$	0.08	$	0.31	$	0.14
Diluted earnings per share	$	0.14	$	0.08	$	0.29	$	0.13