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Earnings Per Common Share
 12 Months Ended
Aug. 31, 2014
Earnings Per Common Share [Abstract]  
Earnings Per Common Share

Note 9.  Earnings per Common Share

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31,

 

2014

 

2013

 

2012

Net income

$
43,746 

 

$
39,813 

 

$
35,485 

Less: Net income allocated to participating securities

 
(238)

 

 
(196)

 

 
(152)

Net income available to common shareholders

$
43,508 

 

$
39,617 

 

$
35,333 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year Ended August 31,

 

2014

 

2013

 

2012

Weighted-average common shares outstanding, basic

 
15,072 

 

 
15,517 

 

 
15,914 

Weighted-average dilutive securities

 
76 

 

 
102 

 

 
132 

Weighted-average common shares outstanding, diluted

 
15,148 

 

 
15,619 

 

 
16,046 

 

 

 

 

 

 

 

 

 

For the fiscal year ended August 31, 2014, 4,454 weighted-average stock-based equity awards outstanding that are non-participating securities were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. There were no anti-dilutive stock-based equity awards outstanding for the fiscal years ended August 31, 2013 and 2012.