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Earnings per Common Share
 6 Months Ended
Feb. 28, 2013
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 28,     February 29,     February 28,     February 29,  
     2013     2012     2013     2012  

Net income

    $ 10,461      $ 10,584      $ 21,405      $ 17,376   

Less: Net income allocated to participating securities

      (52 )      (46 )      (99 )      (73 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Net income available to common shareholders

    $ 10,409      $ 10,538      $ 21,306      $ 17,303   
  

 

 

    

 

 

    

 

 

    

 

 

  

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 28,      February 29,      February 28,      February 29,  
     2013      2012      2013      2012  

Weighted-average common shares outstanding, basic

      15,585         15,953         15,639         16,014   

Weighted-average dilutive securities

      94         116         105         123   
  

 

 

     

 

 

     

 

 

     

 

 

  

Weighted-average common shares outstanding, diluted

      15,679         16,069         15,744         16,137   
  

 

 

     

 

 

     

 

 

     

 

 

  

There were no anti-dilutive stock options outstanding for the three and six months ended February 28, 2013 and February 29, 2012.