XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.1
Earnings Per Common Share
3 Months Ended
Feb. 28, 2025
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:
Three Months Ended
February 28, 2025February 29, 2024
(currency and share amounts in thousands, except per share amounts)
Basic earnings per common share:
Net income attributable to common stockholders(1)
$165,963 $170,624 
Weighted-average number of common shares - basic83,615 87,891 
Basic earnings per common share$1.98 $1.94 
Diluted earnings per common share:
Net income attributable to common stockholders(1)
$165,969 $170,628 
Weighted-average number of common shares - basic83,615 87,891 
Effect of dilutive securities:
Stock options and RSUs355 312 
Weighted-average number of common shares - diluted83,970 88,203 
Diluted earnings per common share$1.98 $1.93 
Anti-dilutive shares excluded from diluted earnings per share calculation— 220 
_________________________
(1) Diluted EPS is calculated using the two-class method. Unvested restricted stock awards granted to employees are considered participating securities. For purposes of calculating Diluted EPS, net income allocated to participating securities was approximately 0.9% of net income for both the three months ended February 28, 2025 and February 29, 2024.