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Earnings Per Common Share
 9 Months Ended
May 31, 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 May 31,     Nine Months Ended May 31,  
    2012     2011     2012     2011  

Net income

   $ 9,136     $ 8,060     $ 26,512     $ 26,247  

Less: Net income allocated to participating securities

     (39 )      (29 )      (112 )      (93 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

   $ 9,097     $ 8,031     $ 26,400     $ 26,154  
   

 

 

    

 

 

    

 

 

    

 

 

  

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 May 31,     Nine Months Ended May 31,  
    2012     2011     2012     2011  

Weighted-average common shares outstanding, basic

     15,872       16,851       15,966       16,880  

Weighted-average dilutive securities

     136       176       128       183  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted-average common shares outstanding, diluted

     16,008       17,027       16,094       17,063  
   

 

 

    

 

 

    

 

 

    

 

 

  

There were no anti-dilutive stock options outstanding for each of the three and nine months ended May 31, 2012 and 2011.