Earnings Per Common Share

6 Months Ended

Feb. 29, 2016

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				Six Months Ended
	February 29,		February 28,		February 29,		February 28,
	2016		2015		2016		2015
Net income	$	13,669	$	11,333	$	25,731	$	22,119
Less: Net income allocated to
participating securities		(87)		(68)		(162)		(130)
Net income available to common shareholders	$	13,582	$	11,265	$	25,569	$	21,989

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				Six Months Ended
	February 29,		February 28,		February 29,		February 28,
	2016		2015		2016		2015
Weighted-average common
shares outstanding, basic		14,386		14,636		14,395		14,652
Weighted-average dilutive securities		43		67		50		68
Weighted-average common
shares outstanding, diluted		14,429		14,703		14,445		14,720

For the three months ended February 29, 2016, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,884 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. For the three months ended February 28, 2015, there were no anti-dilutive stock-based equity awards outstanding.

For the six months ended February 29, 2016 and February 28, 2015, weighted-average stock-based equity awards outstanding that are non-participating securities in the amounts of 8,457 and 2,673, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.