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Earnings per Common Share
 3 Months Ended
Nov. 30, 2012
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 November 30,  
         2012             2011      

Net income

    $ 10,944      $ 6,792   

Less: Net income allocated to participating securities

      (47 )      (27 ) 
  

 

 

    

 

 

  

Net income available to common shareholders

    $ 10,897      $ 6,765   
  

 

 

    

 

 

  

 

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 November 30,  
         2012              2011      

Weighted-average common shares outstanding, basic

      15,693         16,074   

Weighted-average dilutive securities

      114         131   
  

 

 

     

 

 

  

Weighted-average common shares outstanding, diluted

      15,807         16,205   
  

 

 

     

 

 

  

There were no anti-dilutive stock options outstanding for the three months ended November 30, 2012 and 2011.