Note 9 - Net Income Per Common Share (Tables)

9 Months Ended

May 31, 2019

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended				Nine Months Ended
Numerators:		May 31, 2019		May 31, 2018		May 31, 2019		May 31, 2018
Net income attributable to NTIC	$	1,482,149	$	2,142,752	$	4,380,776	$	4,559,225
Denominators:
Basic – weighted shares outstanding		9,084,354		9,078,706		9,085,584		9,077,676
Weighted shares assumed upon exercise of stock options		308,090		335,358		355,274		250,018
Diluted – weighted shares outstanding		9,392,444		9,414,064		9,440,858		9,327,694
Basic net income per share:	$	0.16	$	0.24	$	0.48	$	0.50
Diluted net income per share:	$	0.16	$	0.23	$	0.46	$	0.49