Computation of Earnings Per Share

6 Months Ended

Nov. 30, 2013

Computation of Earnings Per Share

Note 9: 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, 2013 and 2012:

	Three Months Ended				Six Months Ended
	November 30,				November 30,
	2013		2012		2013		2012
Denominator:
Denominator for basic earnings per share - weighted average common shares outstanding (including shares issuable for vested restricted stock units)		24,331		23,988		24,313		23,994
Effect of unvested restricted stock units		19		237		27		227
Diluted shares used in per share calculation		24,350		24,225		24,340		24,221
Net income	$	5,581	$	6,239	$	11,278	$	11,325
Earnings per share:
Basic	$	0.23	$	0.26	$	0.46	$	0.47
Diluted	$	0.23	$	0.26	$	0.46	$	0.47