Computation of Earnings Per Share

3 Months Ended

Aug. 31, 2012

Computation of Earnings Per Share [Abstract]

Computation of Earnings Per Share

Note 11: 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, 2012 and 2011:

	Three Months Ended
	August 31,
	2012		2011
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding		23,993		23,981
Dilutive effect of restricted stock (1)		223		151
Diluted shares used in per share calculation		24,216		24,132
Net income	$	5,085	$	8,505
Earnings per share:
Basic	$	0.21	$	0.35
Diluted	$	0.21	$	0.35

(1) Excludes 36 options, representing all of our outstanding stock options, during the three months ended August 31, 2011 for which the exercise price exceeded the average market price of our common stock during that period. There were no stock options outstanding during the three months ended August 31, 2012.