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Earnings Per Common Share
 9 Months Ended
May 31, 2018
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 May 31,

 

Nine Months Ended May 31,



2018

 

2017

 

2018

 

2017

Net income

$

 16,130 

 

$

 14,444 

 

$

 43,578 

 

$

 38,562 

Less: Net income allocated to

 

 

 

 

 

 

 

 

 

 

 

participating securities

 

 (105)

 

 

 (86)

 

 

 (283)

 

 

 (238)

Net income available to common shareholders

$

 16,025 

 

$

 14,358 

 

$

 43,295 

 

$

 38,324 



 

 

 

 

 

 

 

 

 

 

 



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 May 31,

 

Nine Months Ended May 31,



2018

 

2017

 

2018

 

2017

Weighted-average common

 

 

 

 

 

 

 

 

 

 

 

shares outstanding, basic

 

 13,905 

 

 

 14,056 

 

 

 13,949 

 

 

 14,115 

Weighted-average dilutive securities

 

 32 

 

 

 32 

 

 

 32 

 

 

 36 

Weighted-average common

 

 

 

 

 

 

 

 

 

 

 

shares outstanding, diluted

 

 13,937 

 

 

 14,088 

 

 

 13,981 

 

 

 14,151 



 

 

 

 

 

 

 

 

 

 

 

There were no anti-dilutive stock-based equity awards outstanding  for the three and nine months ended May 31, 2018 and 2017, respectively.