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Earnings Per Common Share
 12 Months Ended
Aug. 31, 2017
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,



2017

 

2016

 

2015

Net income

$

 52,930 

 

$

 52,628 

 

$

 44,807 

Less: Net income allocated to participating securities

 

 (323)

 

 

 (334)

 

 

 (271)

Net income available to common shareholders

$

 52,607 

 

$

 52,294 

 

$

 44,536 



 

 

 

 

 

 

 

 



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,



2017

 

2016

 

2015

Weighted-average common shares outstanding, basic

 

 14,089 

 

 

 14,332 

 

 

 14,582 

Weighted-average dilutive securities

 

 34 

 

 

 47 

 

 

 67 

Weighted-average common shares outstanding, diluted

 

 14,123 

 

 

 14,379 

 

 

 14,649 



 

 

 

 

 

 

 

 

There were no anti-dilutive stock-based equity awards outstanding for the fiscal year ended August 31, 2017. For the fiscal years ended August 31, 2016 and 2015, weighted-average stock-based equity awards outstanding that are non-participating securities in the amounts of 4,501 and 1,337, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.