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Earnings Per Common Share
 3 Months Ended
Nov. 30, 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):















 

 

 

 

 



 

 

 

 

 



Three Months Ended November 30,



2016

 

2015

Net income

$

 11,758 

 

$

 12,062 

Less: Net income allocated to

 

 

 

 

 

participating securities

 

 (77)

 

 

 (75)

Net income available to common shareholders

$

 11,681 

 

$

 11,987 



 

 

 

 

 

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 November 30,



2016

 

2015

Weighted-average common

 

 

 

 

 

shares outstanding, basic

 

 14,180 

 

 

 14,404 

Weighted-average dilutive securities

 

 41 

 

 

 57 

Weighted-average common

 

 

 

 

 

shares outstanding, diluted

 

 14,221 

 

 

 14,461 



 

 

 

 

 

For the three months ended November 30, 2016, there were no anti-dilutive stock-based equity awards outstanding. For the three months ended November 30, 2015, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,030 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.