11. Earnings Per Common Share:

12 Months Ended

May 31, 2022

Earnings Per Share [Abstract]

11. Earnings Per Common Share:

11. Earnings Per Common Share:

Basic earnings per common share is computed by dividing income available to common stockholders by the weighted-average common shares outstanding for the period. Diluted earnings per common share reflects the weighted-average common shares outstanding and dilutive potential common shares, such as stock options.

A reconciliation of weighted-average common shares outstanding to weighted-average common shares outstanding assuming dilution is as follows:

	2022		2021
Average common shares outstanding		3,497,345		3,490,213
Common shares issuable under stock option plans		2,208		1,674
Average common shares outstanding assuming dilution		3,499,553		3,491,887