Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 3 Months Ended
Feb. 29, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

Note 12. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share:

 

                 
    For the     For the  
Description   three months ended
February 29, 2012		     three months ended
February 28, 2011		  

Net income

   $ 5,747,041     $ 1,113,270  

Basic and diluted weighted average shares (1)

     9,176,889       9,146,506  

Basic and diluted earnings per share

   $ 0.63     $ 0.12  

The $0.51 increase in earnings per share from February 28, 2011 to February 29, 2012 is a result in the weighted average change in overall net income related to our Mowood consolidation, lease operating and securities transactions.