v3.26.3
Note 17 - (Loss) Earnings Per Share
9 Months Ended
Aug. 31, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

17.

(LOSS) EARNINGS PER SHARE

 

For the three and nine months ended August 31, 2026, the Company recorded a net loss and, as such, diluted loss per share is the same as basic loss per share, as the inclusion of any potentially dilutive securities would be antidilutive. Stock options, RSUs, and PSUs that could potentially dilute basic earnings per share ("EPS") in the future were excluded from the computation of diluted loss per share because their effect would be antidilutive. RSUs excluded from the computation of diluted loss per share for the three and nine months ended August 31, 2026 include 92,935 PSUs subject to performance conditions and 19,395 PSUs subject to market conditions, which are contingently issuable upon the satisfaction of conditions that had not been satisfied as of August 31, 2026. For the three and nine months ended August 31, 2025, the Company recorded net income and, as such, used diluted weighted-average common shares outstanding when calculating diluted income per share for the three and nine months ended August 31, 2025. Stock options and RSUs that could potentially dilute basic earnings per share (“EPS”) in the future are included in the computation of diluted income per share.

 

  

For the Three Months Ended

  

For the Nine Months Ended

 
  

August 31,

  

August 31,

 
  

2026

  

2025

  

2026

  

2025

 

Net (loss) income

 $(2,911) $2,235  $(12,198) $6,324 
                 

Weighted-average number of shares used in computing net (loss) income per share, basic

  22,981,181   22,691,574   22,779,451   22,649,525 

Net (loss) income per share - basic

 $(0.13) $0.10  $(0.54) $0.28 

Weighted-average number of shares used in computing net (loss) income per share, diluted

  22,981,181   24,103,760   22,779,451   24,147,430 

Net (loss) income per share - diluted

 $(0.13) $0.09  $(0.54) $0.26 

 

The following table reconciles the weighted-average common shares outstanding used in the calculation of basic EPS to the weighted-average common shares outstanding used in the calculation of diluted EPS for the three and nine months ended August 31, 2025:

 

  

For the Three Months Ended

  

For the Nine Months Ended

 
  

August 31,

  

August 31,

 
  

2025

  

2025

 

Weighted-average common shares outstanding- basic

  22,691,574   22,649,525 

Assumed conversion of:

        

Dilutive stock options

  679,720   657,234 

Dilutive RSUs

  732,466   840,671 

Weighted-average common share outstanding- diluted

  24,103,760   24,147,430 

 

The following potential common shares, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net (loss) income per share for the periods indicated because including them would have had an anti-dilutive effect:

 

  

For the Three Months Ended

  

For the Nine Months Ended

 
  

August 31,

  

August 31,

 
  

2026

  

2025

  

2026

  

2025

 

Options

  1,062,835   —   1,062,835   - 

RSUs

  488,682   20,919   488,682   41,944 

Total

  1,551,517   20,919   1,551,517   41,944