Net Income Per Common Share

9 Months Ended

Feb. 29, 2024

Net Income Per Common Share [Abstract]

Basic net income per common share is computed by dividing net income 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 quarters ended February 29, 2024 and February 28, 2021, the Company granted time and performance vesting restricted stock awards under the TSR, Inc. 2020 Equity Incentive Plan (the “Plan”) (see Note 12 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 99,940 and 94,829 have been included for dilutive shares outstanding for the three and nine months ended February 28, 2023. There were no dilutive shares in the three and nine months ended February 29, 2024.

TSR INC 10-Q