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,
	2019		2018		2019		2018
Net income	$	15,906	$	14,818	$	29,185	$	27,448
Less: Net income allocated to
participating securities		(94)		(96)		(181)		(178)
Net income available to common shareholders	$	15,812	$	14,722	$	29,004	$	27,270

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,
	2019		2018		2019		2018
Weighted-average common
shares outstanding, basic		13,828		13,967		13,837		13,972
Weighted-average dilutive securities		29		28		32		31
Weighted-average common
shares outstanding, diluted		13,857		13,995		13,869		14,003

For the three months ended February 28, 2019, there were no anti-dilutive stock-based equity awards outstanding. For the six months ended February 28, 2019, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 2,164 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 three and six months ended February 28, 2018.