Earnings Per Common Share

6 Months Ended

Feb. 28, 2014

Earnings Per Common Share [Abstract]

Note 9. Earnings per Common Share

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



	Three Months Ended February 28,				Six Months Ended February 28,
	2014		2013		2014		2013
Net income	$	10,317	$	10,461	$	21,799	$	21,405
Less: Net income allocated to
participating securities		(56)		(52)		(114)		(99)
Net income available to common shareholders	$	10,261	$	10,409	$	21,685	$	21,306

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 February 28,				Six Months Ended February 28,
	2014		2013		2014		2013
Weighted-average common
shares outstanding, basic		15,202		15,585		15,241		15,639
Weighted-average dilutive securities		70		94		78		105
Weighted-average common
shares outstanding, diluted		15,272		15,679		15,319		15,744

For the three months ended February 28, 2014, there were no anti-dilutive stock-based equity awards outstanding. For the six months ended February 28, 2014, 8,909 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 three and six months ended February 28, 2013.

- Definition

The entire disclosure for earnings per share.

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