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



	Fiscal Year Ended August 31,
	2022		2021		2020
Net income	$	67,329	$	70,229	$	60,710
Less: Net income allocated to participating securities		(251)		(277)		(294)
Net income available to common shareholders	$	67,078	$	69,952	$	60,416

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,
	2022		2021		2020
Weighted-average common shares outstanding, basic		13,668		13,698		13,691
Weighted-average dilutive securities		28		35		28
Weighted-average common shares outstanding, diluted		13,696		13,733		13,719

For the fiscal year ended August 31, 2022, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,724 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 year ended August 31, 2021. For the fiscal year ended August 31, 2020, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 6,172, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.