XML 30 R18.htm IDEA: XBRL DOCUMENT

Earnings Per Common Share

6 Months Ended

Feb. 28, 2021

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 February 28/29,				Six Months Ended February 28/29,
	2021		2020		2021		2020
Net income	$	17,191	$	14,327	$	40,814	$	26,521
Less: Net income allocated to
participating securities		(64)		(68)		(174)		(135)
Net income available to common shareholders	$	17,127	$	14,259	$	40,640	$	26,386

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 28/29,				Six Months Ended February 28/29,
	2021		2020		2021		2020
Weighted-average common
shares outstanding, basic		13,700		13,712		13,687		13,713
Weighted-average dilutive securities		29		25		31		28
Weighted-average common
shares outstanding, diluted		13,729		13,737		13,718		13,741

For the three and six months ended February 28, 2021, there were no anti-dilutive stock-based equity awards outstanding. For the three and six months ended February 29, 2020, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 7,604 and 9,479, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.