Earnings Per Share

Basic earnings per share for the periods presented is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per share is computed similarly but reflects the potential dilution that would occur if dilutive options were exercised, all unvested share-based payment awards were vested, and other distributions related to deferred stock agreements were incurred.

The following table calculates basic earnings per common share and diluted earnings per common share for the three months ended November 30, 2018 and 2017 (in millions, except per share data):



	Three Months Ended
	November 30, 2018		November 30, 2017
Net income	$	79.6	$	71.5
Basic weighted average shares outstanding	40.0		41.9
Common stock equivalents	0.1		0.2
Diluted weighted average shares outstanding	40.1		42.1
Basic earnings per share	$	1.99	$	1.71
Diluted earnings per share	$	1.98	$	1.70

The following table presents stock options and restricted stock awards that were excluded from the diluted earnings per share calculation for the three months ended November 30, 2018 and 2017 as the effect of inclusion would have been antidilutive:



	Three Months Ended
	November 30, 2018	November 30, 2017
Stock options	212,048	163,812
Restricted stock awards	197,014	211,576

Further discussion of our stock options and restricted stock awards is included within the Common Stock and Related Matters and Share-based Payments footnotes of the Notes to Consolidated Financial Statements within our Form 10-K.