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Earnings Per Common Share
 3 Months Ended
Nov. 30, 2013
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):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended November 30,

 

2013

 

2012

Net income

$
11,482 

 

$
10,944 

Less: Net income allocated to participating securities

 
(58)

 

 
(47)

Net income available to common shareholders

$
11,424 

 

$
10,897 

 

 

 

 

 

 

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,

 

2013

 

2012

Weighted-average common shares outstanding, basic

 
15,279 

 

 
15,693 

Weighted-average dilutive securities

 
87 

 

 
114 

Weighted-average common shares outstanding, diluted

 
15,366 

 

 
15,807 

 

 

 

 

 

 

For the three months ended November 30, 2013, 17,818 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. For the three months ended November 30, 2012, there were no anti-dilutive weighted-average stock-based equity awards outstanding excluded from the calculation of diluted EPS under the treasury stock method.