Computation of Earnings Per Share

3 Months Ended

Aug. 31, 2011

Computation of Earnings Per Share [Abstract]

Computation of Earnings Per Share

Note 10: Computation of Earnings Per Share

The following is a reconciliation of the denominator used in the computation of basic and diluted earnings per share for the three months ended August 31, 2011 and 2010:

	Three Months Ended
	August 31,
	2011		2010
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding		23,981		23,964
Effect of dilutive options and restricted stock (1)		151		83
Diluted shares used in per share calculation		24,132		24,047
Net income	$	8,505	$	5,221
Earnings per share:
Basic	$	0.35	$	0.22
Diluted	$	0.35	$	0.22

(1) Excludes 36 options outstanding during both the three months ended August 31, 2011 and 2010, for which the exercise price exceeded the average market price of our common stock during that period.