Earnings per Share

3 Months Ended

Nov. 30, 2023

Earnings per Share

Earnings per Share

Note 6.    Earnings per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted computations for earnings per common share (in thousands, except per share data):

	Three Months Ended
	November 30,
	2023		2022
(In thousands, except share and per share amounts)
EPS:
Net income	$	1,779	$	4,711
Less: preferred stock dividends		(19)		(19)
Net income available for common shareholders	$	1,760	$	4,692
Earnings per common share – basic and diluted	$	0.36	$	0.97

For the three months ended November 30, 2023 and 2022, 40,000 potential common shares (issuable upon conversion of 36,000 shares of the Company’s Series A Cumulative Convertible Preferred Stock) have been included in the computation of diluted earnings per share, which had no effect on basic earnings per share.