Earnings Per Common Share

6 Months Ended

Feb. 28, 2018

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 February 28,				Six Months Ended February 28,
	2018		2017		2018		2017
Net income	$	14,818	$	12,360	$	27,448	$	24,118
Less: Net income allocated to
participating securities		(96)		(75)		(178)		(152)
Net income available to common shareholders	$	14,722	$	12,285	$	27,270	$	23,966

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 February 28,				Six Months Ended February 28,
	2018		2017		2018		2017
Weighted-average common
shares outstanding, basic		13,967		14,111		13,972		14,146
Weighted-average dilutive securities		28		32		31		36
Weighted-average common
shares outstanding, diluted		13,995		14,143		14,003		14,182

There were no anti-dilutive stock-based equity awards outstanding for the three and six months ended February 28, 2018 and 2017, respectively.