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Computation of Earnings Per Share
6 Months Ended
Nov. 30, 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 and six months ended November 30, 2011 and 2010:

 

                                 
    Three Months Ended
November 30,
    Six Months Ended
November 30,
 
    2011     2010     2011     2010  

Denominator:

                               

Denominator for basic earnings per share - weighted average common shares outstanding

    23,981       23,976       23,981       23,970  

Effect of dilutive options and restricted stock

    168       99       158       79  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted shares used in per share calculation

    24,149       24,075       24,139       24,049  
   

 

 

   

 

 

   

 

 

   

 

 

 

Net income

  $ 6,019     $ 7,119     $ 14,524     $ 12,340  

Earnings per share:

                               

Basic

  $ 0.25     $ 0.30     $ 0.61     $ 0.51  

Diluted

  $ 0.25     $ 0.30     $ 0.60     $ 0.51