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Earnings Per Common Share
 9 Months Ended
May 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):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended May 31,

 

Nine Months Ended May 31,

 

2014

 

2013

 

2014

 

2013

Net income

$
10,406 

 

$
10,267 

 

$
32,205 

 

$
31,672 

Less: Net income allocated to

 

 

 

 

 

 

 

 

 

 

 

participating securities

 
(59)

 

 
(54)

 

 
(173)

 

 
(153)

Net income available to common shareholders

$
10,347 

 

$
10,213 

 

$
32,032 

 

$
31,519 

 

 

 

 

 

 

 

 

 

 

 

 

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 May 31,

 

Nine Months Ended May 31,

 

2014

 

2013

 

2014

 

2013

Weighted-average common

 

 

 

 

 

 

 

 

 

 

 

shares outstanding, basic

 
14,977 

 

 
15,460 

 

 
15,152 

 

 
15,579 

Weighted-average dilutive securities

 
74 

 

 
101 

 

 
77 

 

 
103 

Weighted-average common

 

 

 

 

 

 

 

 

 

 

 

shares outstanding, diluted

 
15,051 

 

 
15,561 

 

 
15,229 

 

 
15,682 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended May 31, 2014, there were no anti-dilutive stock-based equity awards outstanding. For the nine months ended May 31, 2014, 5,939 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 nine months ended May 31, 2013.