v3.3.1.900
EARNINGS PER COMMON SHARE:
 12 Months Ended
Nov. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Common Share
EARNINGS PER COMMON SHARE: 
The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated: 
 
Fiscal Years Ended November 30,
 
2015
 
2014
 
2013
Basic earnings per common share:
 
 
 
 
 
Net income attributable to SYNNEX Corporation
$
208,525

 
$
180,034

 
$
152,237

Less: net income allocated to participating securities(1)
(2,429
)
 
(2,407
)
 
(2,310
)
Net income attributable to SYNNEX Corporation common stockholders
$
206,096

 
$
177,627

 
$
149,927

Weighted-average number of common shares - basic
39,061

 
38,490

 
36,888

Basic earnings attributable to SYNNEX Corporation per common share
$
5.28

 
$
4.61

 
$
4.06

 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
Net income attributable to SYNNEX Corporation
$
208,525

 
$
180,034

 
$
152,237

Less: net income allocated to participating securities(1)
(2,413
)
 
(2,386
)
 
(2,266
)
Less: impact of conversion premium of convertible debt
—

 
—

 
(36,409
)
Net income attributable to SYNNEX Corporation common stockholders
$
206,112

 
$
177,648

 
$
113,562

Weighted average number of common shares - basic
39,061

 
38,490

 
36,888

Effect of dilutive securities:
 
 
 
 
 
Stock options and restricted stock units
291

 
355

 
394

Conversion premium of convertible debt
—

 
—

 
351

Weighted-average number of common shares - diluted
39,352

 
38,845

 
37,633

Diluted earnings attributable to SYNNEX Corporation per common share
$
5.24

 
$
4.57

 
$
3.02

 
 
 
 
 
 
Anti-dilutive shares excluded from diluted earnings per share calculation
3

 
10

 
10


____________________________________
(1)
Restricted stock awards granted to employees and non-employee directors by the Company and its subsidiaries are considered participating securities.
In August 2013, the Company settled its Convertible Senior Notes with an aggregate principal amount of $143,750 which were issued in May 2008 in a private placement. It was the Company’s intent to settle the principal amount of the Convertible Senior Notes in cash; accordingly, the principal amount was excluded from the determination of diluted earnings per share. In April 2013, the Company decided to settle the payment of the conversion premium in cash as discussed in Note 12—Convertible Debt. Through April 2013, the Company accounted for the conversion premium using the treasury stock method by adjusting the diluted weighted-average common shares if the effect was dilutive. For the fiscal year ended November 30, 2013, the numerator for the computation of diluted earnings per common share was adjusted for any dilutive changes in the estimated value of the conversion premium from April 2013 through the final settlement date. For the fiscal year ended November 30, 2013, the adjustment to the numerator had the effect of reducing the diluted earnings per share by $0.97.