v3.25.2
11. Earnings Per Common Share
12 Months Ended
May 31, 2025
Notes  
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:

 

2025

 

2024

Average common shares outstanding

3,131,134

 

3,353,077

Common shares issuable under stock option plans

147,555

 

135,711

Average common shares outstanding assuming dilution

3,278,689

 

3,488,788