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Earnings Per Common Share

3 Months Ended

Nov. 30, 2020

Earnings Per Common Share [Abstract]

Note 10. Earnings per Common Share

The table below reconciles net income to net income available to common shareholders (in thousands):



	Three Months Ended November 30,
	2020		2019
Net income	$	23,623	$	12,194
Less: Net income allocated to
participating securities		(110)		(67)
Net income available to common shareholders	$	23,513	$	12,127

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 November 30,
	2020		2019
Weighted-average common
shares outstanding, basic		13,675		13,714
Weighted-average dilutive securities		31		32
Weighted-average common
shares outstanding, diluted		13,706		13,746

For the three months ended November 30, 2020, there were no anti-dilutive stock-based equity awards outstanding. For the three months ended November 30, 2019, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 5,729 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.