Net Income Per Share (Table)

3 Months Ended

Nov. 30, 2012

Net Income Per Share (Table)

Net Income Per Share (Table)

The following table details the derivation of weighted average shares outstanding used in the calculation of basic and diluted net income for each period:

		For the Three Months Ended
		November 30, 2012		November 30, 2011
		(amounts in thousands)
Net income available to common shareholders	$	252	$	187
Weighted average number of common shares outstanding
used in calculation of basic earnings per share		995,468		995,135
Incremental shares from the assumed exercise of
dilutive stock options		2,283		-
Weighted average number of common shares
outstanding used in calculating diluted earnings
per share		997,751		995,135

		For the Six Months Ended
		November 30, 2012		November 30, 2011
		(amounts in thousands)
Net income available to common shareholders	$	425	$	240
Weighted average number of common shares outstanding
used in calculation of basic earnings per share		995,295		995,135
Incremental shares from the assumed exercise of
dilutive stock options		1,277		-
Weighted average number of common shares
outstanding used in calculating diluted earnings
per share		996,572		995,135