XML 33 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Common Share
 12 Months Ended
Aug. 31, 2016
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,



2016

 

2015

 

2014

Net income

$

 52,628 

 

$

 44,807 

 

$

 43,746 

Less: Net income allocated to participating securities

 

 (334)

 

 

 (271)

 

 

 (238)

Net income available to common shareholders

$

 52,294 

 

$

 44,536 

 

$

 43,508 



 

 

 

 

 

 

 

 



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,



2016

 

2015

 

2014

Weighted-average common shares outstanding, basic

 

 14,332 

 

 

 14,582 

 

 

 15,072 

Weighted-average dilutive securities

 

 47 

 

 

 67 

 

 

 76 

Weighted-average common shares outstanding, diluted

 

 14,379 

 

 

 14,649 

 

 

 15,148 



 

 

 

 

 

 

 

 

For the fiscal years ended August 31, 2016, 2015 and 2014, weighted-average stock-based equity awards outstanding that are non-participating securities in the amounts of 4,501, 1,337 and 4,454, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.