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Earnings Per Share (Tables)
6 Months Ended
Nov. 30, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (dollars in thousands, except per share amounts):

 

     Three-Months Ended      Six-Months Ended  
     November 30,      November 30,  
     2016      2015      2016      2015  

Net income (loss)

   $ (595    $ 1,706       $ 149       $ 872   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average share outstanding:

           

Basic

     8,391,244         8,391,244         8,391,244         8,391,244   

Common stock equivalents—treasury stock method

     —           —           121,659         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     8,391,244         8,391,244         8,512,903         8,391,244   

Net income (loss) per share:

           

Basic

   $ (.07    $ .20       $ .02       $ .10   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

   $ (.07    $ .20       $ .02       $ .10