Earnings Per Common Share

6 Months Ended

Feb. 28, 2017

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 28,		February 29,		February 28,		February 29,
	2017		2016		2017		2016
Net income	$	12,360	$	13,669	$	24,118	$	25,731
Less: Net income allocated to
participating securities		(75)		(87)		(152)		(162)
Net income available to common shareholders	$	12,285	$	13,582	$	23,966	$	25,569

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 28,		February 29,		February 28,		February 29,
	2017		2016		2017		2016
Weighted-average common
shares outstanding, basic		14,111		14,386		14,146		14,395
Weighted-average dilutive securities		32		43		36		50
Weighted-average common
shares outstanding, diluted		14,143		14,429		14,182		14,445

For the three months ended February 28, 2017, there were no anti-dilutive stock-based equity awards outstanding. 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 six months ended February 28, 2017, there were no anti-dilutive stock-based equity awards outstanding. For the six months ended February 29, 2016, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,457 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.