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Quarterly Information (Unaudited)
12 Months Ended
May 31, 2016
Quarterly Information (Unaudited)
Quarterly Information (Unaudited)
Summarized quarterly financial data for fiscal 2016 and 2015 was as follows:
 
Total Revenues
 
Gross Profit 1
 
Income
Before Taxes
 
Net Income
 
Earnings per share
 
 
 
 
 
Basic
 
Diluted
Fiscal Year 2016
 
 
 
 
 
 
 
 
 
 
 
First Quarter
$
53,343

 
$
18,964

 
$
3,951

 
$
2,470

 
$
0.10

 
$
0.10

Second Quarter
43,310

 
17,881

 
3,541

 
2,190

 
0.09

 
0.09

Third Quarter
39,498

 
15,172

 
1,492

 
1,009

 
0.04

 
0.04

Fourth Quarter
39,182

 
16,220

 
(1,197
)
 
(885
)
 
(0.04
)
 
(0.04
)
Annual totals
$
175,333

 
$
68,237

 
$
7,787

 
$
4,784

 
$
0.20

 
$
0.20

Fiscal Year 2015
 
 
 
 
 
 
 
 
 
 
 
First Quarter
$
61,871

 
$
22,480

 
$
7,562

 
$
4,771

 
$
0.20

 
$
0.20

Second Quarter
59,703

 
20,825

 
7,696

 
4,795

 
0.20

 
0.20

Third Quarter
56,342

 
18,356

 
3,746

 
2,425

 
0.10

 
0.10

Fourth Quarter
60,413

 
20,580

 
5,646

 
3,441

 
0.14

 
0.14

Annual totals
$
238,329

 
$
82,241

 
$
24,650

 
$
15,432

 
$
0.63

 
$
0.63


1 
Gross profit is calculated as total revenues less depreciation of rental and lease equipment, costs of rentals and leases and costs of sales of equipment and other revenues.