XML 101 R17.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share

12 Months Ended

Aug. 31, 2019

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):



	Fiscal Year Ended August 31,
	2019		2018		2017
Net income	$	55,908	$	65,215	$	52,930
Less: Net income allocated to participating securities		(333)		(423)		(323)
Net income available to common shareholders	$	55,575	$	64,792	$	52,607

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,
	2019		2018		2017
Weighted-average common shares outstanding, basic		13,799		13,929		14,089
Weighted-average dilutive securities		31		33		34
Weighted-average common shares outstanding, diluted		13,830		13,962		14,123

For the fiscal year ended August 31, 2019, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 1,082 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. There were no anti-dilutive stock-based equity awards outstanding for the fiscal years ended August 31, 2018 and 2017.