Stockholders' Equity (Tables)

3 Months Ended

Aug. 31, 2012

Stockholders' Equity [Abstract]

Summary of restricted shares activity

A summary of restricted shares activity under the Plan as of August 31, 2012 and 2011, and changes during the three month periods then ended is presented below:

Restricted Shares	Shares			Weighted Average Grant Date Fair Value
Non-vested shares at May 31, 2012		1,416		$	10.59
Granted		59,132			4.60
Vested		(1,416	)		10.59
Forfeited		—			—
Non-vested shares at August 31, 2012		59,132		$	4.60
Restricted Shares	Shares			Weighted Average Grant Date Fair Value
Non-vested shares at May 31, 2011		54,166		$	8.62
Granted		43,388			10.59
Vested		—			—
Forfeited		—			—
Non-vested shares at August 31, 2011		97,554		$	9.49

Summary of stock options issued

For stock options issued during the three months ended August 31, 2012 and 2011, the following assumptions were used to determine fair value:

	For the three months ended August 31,
Assumptions used:	2012			2011
Expected term (in years)		5.99			6.00
Expected volatility		61.20	%		50.00	%
Weighted average risk free interest rate		0.85	%		1.22	%
Weighted average risk free interest rate range		0.80-0.85	%		1.22	%
Weighted average expected dividend		2.87	%		1.13	%
Weighted average expected dividend range		2.87	%		1.13	%
Weighted average fair value	$	2.01		$	4.56

Summary of stock option activity

A summary of option activity under the Plan as of August 31, 2012 and 2011, and changes during the three month periods then ended is presented below:

Stock Options	Shares			Weighted average exercise price		Weighted average remaining contractual life (years)		Aggregate intrinsic value
Outstanding at May 31, 2012		223,950		$	9.92		8.7
Granted		156,800			4.60
Exercised		—			—
Forfeited or canceled		(4,000	)		9.35
Outstanding at August 31, 2012		376,750		$	7.71		9.1	$	—
Exercisable at August 31, 2012		141,781		$	9.56		8.2	$	—

Stock Options	Shares			Weighted average exercise price		Weighted average remaining contractual life (in years)		Aggregate intrinsic value ($000)
Outstanding at May 31, 2011		121,750		$	9.17		9.1
Granted		133,500			10.59
Exercised		—			—
Forfeited or canceled		(3,500	)		9.35
Outstanding at August 31, 2011		251,750		$	9.92		9.5	$	15
Exercisable at August 31, 2011		59,125		$	9.17		8.9	$	8

Summary of dividend declaration and paid date

Date declared	Record date	Payment date	Per share
August 29, 2011	September 30, 2011	October 7, 2011	$	0.0300
November 4, 2011	December 31, 2011	January 9, 2012	$	0.0325
January 30, 2012	March 30, 2012	April 6, 2012	$	0.0325
April 30, 2012	June 30, 2012	July 9, 2012	$	0.0325
August 27, 2012	September 30, 2012	(est) October 5, 2012	$	0.0400