Note 8: Computation of Earnings Per Share
The following is a reconciliation of the denominator used in the computation of basic and diluted EPS for the fiscal years ended May 31:
| 2013 | 2012 | 2011 | ||||||||||
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Denominator: |
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Denominator for basic earnings per share—weighted average common shares outstanding (including shares issuable for vested restricted stock units) |
24,226 | 23,983 | 23,974 | |||||||||
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Effect of unvested restricted stock units |
43 | 169 | 98 | |||||||||
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Diluted shares used in per share calculation |
24,269 | 24,152 | 24,072 | |||||||||
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Net income |
$ | 22,754 | $ | 25,772 | $ | 23,756 | ||||||
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Earnings per share: |
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Basic |
$ | 0.94 | $ | 1.07 | $ | 0.99 | ||||||
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Diluted |
$ | 0.94 | $ | 1.07 | $ | 0.99 | ||||||
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