Earnings Per Common Share (Tables)

3 Months Ended

Feb. 28, 2021

Schedule of Basic and Diluted Earnings Per Common Share

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

	Three Months Ended
	February 28, 2021		February 29, 2020
Basic earnings per common share:
Income from continuing operations attributable to common stockholders⁽¹⁾	$	86,933	$	67,640
Income from discontinued operations attributable to common stockholders⁽¹⁾		—		53,457
Net income attributable to common stockholders⁽¹⁾	$	86,933	$	121,097

Weighted-average number of common shares - basic		51,145		50,815

Basic earnings per common share
Continuing operations	$	1.70	$	1.33
Discontinued operations		—		1.05
Total basic net earnings per share	$	1.70	$	2.38

Diluted earnings per common share:
Income from continuing operations attributable to common stockholders⁽¹⁾	$	86,940	$	67,645
Income from discontinued operations attributable to common stockholders⁽¹⁾		—		53,461
Net income attributable to common stockholders⁽¹⁾	$	86,940	$	121,106

Weighted-average number of common shares - basic		51,145		50,815
Effect of dilutive securities:
Stock options and restricted stock units		418		417
Weighted-average number of common shares - diluted		51,563		51,232

Diluted earnings per common share
Continuing operations	$	1.69	$	1.32
Discontinued operations		—		1.04
Total basic net earnings per share	$	1.69	$	2.36

Anti-dilutive shares excluded from diluted earnings per share calculation		18		15

(1)

Restricted stock awards granted by the Company are considered participating securities. Income available to participating securities was immaterial in all periods presented.