XML 45 R17.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Common Share
 6 Months Ended
Feb. 28, 2015
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 February 28,

 

Six Months Ended February 28,

 

2015

 

2014

 

2015

 

2014

Net income

$
11,333 

 

$
10,317 

 

$
22,119 

 

$
21,799 

Less: Net income allocated to

 

 

 

 

 

 

 

 

 

 

 

participating securities

 
(68)

 

 
(56)

 

 
(130)

 

 
(114)

Net income available to common shareholders

$
11,265 

 

$
10,261 

 

$
21,989 

 

$
21,685 

 

 

 

 

 

 

 

 

 

 

 

 

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,

 

2015

 

2014

 

2015

 

2014

Weighted-average common

 

 

 

 

 

 

 

 

 

 

 

shares outstanding, basic

 
14,636 

 

 
15,202 

 

 
14,652 

 

 
15,241 

Weighted-average dilutive securities

 
67 

 

 
70 

 

 
68 

 

 
78 

Weighted-average common

 

 

 

 

 

 

 

 

 

 

 

shares outstanding, diluted

 
14,703 

 

 
15,272 

 

 
14,720 

 

 
15,319 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended February 28, 2015 and 2014, there were no anti-dilutive stock-based equity awards outstanding.

 

For the six months ended February 28, 2015 and 2014, weighted-average stock-based equity awards outstanding that are non-participating securities in the amounts of 2,673 and 8,909, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.