Net Income (Loss) Per Common Share

9 Months Ended

Feb. 28, 2022

Earnings Per Share [Abstract]

Net Income (Loss) Per Common Share

2. Net Income (Loss) Per Common Share

Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders of TSR by the weighted average number of common shares outstanding during the reporting period, excluding the effects of any potentially dilutive securities. During the quarter ended February 28, 2021, the Company granted time and performance vesting restricted stock awards under its 2020 Equity Incentive Plan (see Note 17 for further information). Diluted earnings per share gives effect to all potentially dilutive common shares outstanding during the reporting period. The common stock equivalents associated with these restricted stock awards of 84,293 and 83,830 in the three months and nine months ended February 28, 2022 have only been included for dilutive shares outstanding for the nine months ended February 28, 2022 since there was a loss for the three month period ended February 28, 2022.