Calculation of basic and diluted net income for each period (Tables)

3 Months Ended

Aug. 31, 2013

Calculation of basic and diluted net income for each period (Tables):

Calculation of basic and diluted net income for each period

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

		For the Three Months Ended
		August 31, 2013		August 31, 2012
		(amounts in thousands)
Net income (loss) available to common shareholders	$	(266)	$	173
Weighted average number of common shares outstanding
used in calculation of basic earnings per share		901,005		995,135
Incremental shares from the assumed exercise of
dilutive stock options		-		6,099
Weighted average number of common shares
outstanding used in calculating diluted earnings
per share		901,005		1,001,234