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Earnings Per Common Share
6 Months Ended
Feb. 29, 2012
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

Note 10. Earnings per Common Share

The table below reconciles net income to net income available to common shareholders (in thousands):

 

     Three Months Ended     Six Months Ended  
     February 29,
2012
    February 28,
2011
    February 29,
2012
    February 28,
2011
 

Net income

   $ 10,584      $ 9,108      $ 17,376      $ 18,187   

Less: Net income allocated to participating securities

     (46     (33     (73     (64
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income available to common shareholders

   $ 10,538      $ 9,075      $ 17,303      $ 18,123   
  

 

 

   

 

 

   

 

 

   

 

 

 

The table below summarizes the weighted-average number of common shares outstanding included in the calculation of basic and diluted EPS (in thousands):

 

     Three Months Ended      Six Months Ended  
     February 29,
2012
     February 28,
2011
     February 29,
2012
     February 28,
2011
 

Weighted-average common shares outstanding, basic

     15,953         16,994         16,014         16,895   

Weighted-average dilutive securities

     116         178         123         186   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average common shares outstanding, diluted

     16,069         17,172         16,137         17,081   
  

 

 

    

 

 

    

 

 

    

 

 

 

There were no anti-dilutive stock options outstanding for each of the three and six months ended February 29, 2012 and February 28, 2011.