Earnings per Common Share

12 Months Ended

Aug. 31, 2023

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


	Fiscal Year Ended August 31,
	2023		2022		2021
Net income	$	65,993	$	67,329	$	70,229
Less: Net income allocated to participating securities	(272)		(251)		(277)
Net income available to common stockholders	$	65,721	$	67,078	$	69,952

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,
	2023	2022	2021
Weighted-average common shares outstanding, basic	13,578	13,668	13,698
Weighted-average dilutive securities	26	28	35
Weighted-average common shares outstanding, diluted	13,604	13,696	13,733

For the fiscal year ended August 31, 2023, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 4,551 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. 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.