Earnings Per Common Share (Tables)

9 Months Ended

Aug. 31, 2019

The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:

	Three Months Ended						Nine Months Ended
	August 31, 2019			August 31, 2018			August 31, 2019			August 31, 2018
				(As adjusted)						(As adjusted)
Basic earnings per common share:
Net income	$	123,132		$	66,940		$	324,711		$	184,779
Less: net income allocated to participating securities⁽¹⁾		(1,070	)		(645	)		(2,894	)		(1,725	)
Net income attributable to common stockholders	$	122,062		$	66,295		$	321,817		$	183,054

Weighted-average number of common shares - basic		50,601			39,254			50,661			39,483

Basic earnings per common share	$	2.41		$	1.69		$	6.35		$	4.64

Diluted earnings per common share:
Net income	$	123,132		$	66,940		$	324,711		$	184,779
Less: net income allocated to participating securities⁽¹⁾		(1,066	)		(643	)		(2,883	)		(1,717	)
Net income attributable to common stockholders	$	122,066		$	66,297		$	321,828		$	183,063

Weighted average number of common shares - basic		50,601			39,254			50,661			39,483
Effect of dilutive securities:
Stock options and restricted stock units		244			221			242			247
Weighted-average number of common shares - diluted		50,845			39,475			50,903			39,730

Diluted earnings per common share	$	2.40		$	1.68		$	6.32		$	4.61
Anti-dilutive shares excluded from diluted earnings per share calculation		121			89			120			61

(1)

Restricted stock awards granted to employees by the Company are considered participating securities.