Earnings Per Share

6 Months Ended

Nov. 30, 2011

Earnings Per Share

Note 3.    Earnings Per Share

For the six-month and three-month periods ended November 30, 2011, basic and diluted EPS were the same as the effect of the stock options to purchase common stock and the convertible provisions of the Series 2003 preferred stock were anti-dilutive. 

           The following securities (rounded to thousands) were not included in the computation of diluted earnings per share for the six-month and three-month periods ended November 30, 2011 as their effect would have been antidilutive:

                        Options to purchase common stock                             1,940,000

                        Convertible preferred stock                                         3,333,000

5,273,000