Computation of Earnings Per Share

12 Months Ended

May 31, 2012

Earnings Per Share [Abstract]

Computation of Earnings Per Share

Note 8: Computation of Earnings Per Share

The following is a reconciliation of the denominator used in the computation of basic and diluted EPS for the fiscal years ended May 31:

	2012		2011		2010
Denominator:
Denominator for basic earnings per share – weighted average common shares outstanding		23,983		23,974		23,932
Effect of dilutive options and restricted stock		169		98		72
Diluted shares used in per share calculation		24,152		24,072		24,004
Net income	$	25,772	$	23,756	$	11,597
Earnings per share:
Basic	$	1.07	$	0.99	$	0.48
Diluted	$	1.07	$	0.99	$	0.48

Certain options to purchase our common stock were not included in the computation of diluted earnings per share because to do so would have been antidilutive. The quantity of such options was 0, 36 and 54 for fiscal 2012, 2011 and 2010, respectively.