| Calculation of Basic and Diluted Net Income Per Common Share |
The following table sets forth the calculation of basic and diluted
net income per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended |
|
|
Nine Months Ended |
|
| |
|
August 31,
2015 |
|
|
August 31,
2014 |
|
|
August 31,
2015 |
|
|
August 31,
2014 |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
|
|
$ |
7,829,572 |
|
|
$ |
236,572 |
|
|
$ |
8,325,774 |
|
|
$ |
849,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares outstanding-basic
|
|
|
9,462,102 |
|
|
|
10,025,939 |
|
|
|
9,697,679 |
|
|
|
10,319,514 |
|
|
|
|
|
|
|
Dilutive common shares issuable upon exercise of stock options
|
|
|
288,095 |
|
|
|
226,326 |
|
|
|
247,939 |
|
|
|
165,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average shares-diluted
|
|
|
9,750,197 |
|
|
|
10,252,265 |
|
|
|
9,945,618 |
|
|
|
10,484,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common share:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
0.83 |
|
|
$ |
0.02 |
|
|
$ |
0.86 |
|
|
$ |
0.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
$ |
0.80 |
|
|
$ |
0.02 |
|
|
$ |
0.84 |
|
|
$ |
0.08 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|