Three Months Ended November 30,

Six Months Ended November 30,

(In thousands, except per share data)

2023

2022

2023

2022

Numerator:

Net income

$

6,089

$

3,725

$

10,763

$

4,314

Denominator:

Basic weighted average shares outstanding

28,801

27,579

28,725

27,410

Dilutive effect of common equivalent shares outstanding

968

1,501

975

1,524

Diluted weighted average shares outstanding

29,769

29,080

29,700

28,934

Net income per share - Basic

$

0.21

$

0.14

$

0.37

$

0.16

Net income per share - Diluted

$

0.20

$

0.13

$

0.36

$

0.15

Antidilutive employee share-based award shares, excluded

9

14

4

14