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Earnings per Common Share
 9 Months Ended
May 31, 2023
Earnings Per Share [Abstract]  
Earnings per Common Share Earnings per Common Share
The table below reconciles net income to net income available to common stockholders (in thousands):
Three Months Ended May 31,Nine Months Ended May 31,
2023202220232022
Net income$18,895 $14,480 $49,418 $52,543 
Less: Net income allocated to participating securities(82)(56)(207)(193)
Net income available to common stockholders$18,813 $14,424 $49,211 $52,350 
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 May 31,Nine Months Ended May 31,
2023202220232022
Weighted-average common shares outstanding, basic13,573 13,656 13,582 13,683 
Weighted-average dilutive securities27 24 24 29 
Weighted-average common shares outstanding, diluted13,600 13,680 13,606 13,712 
For the three months ended May 31, 2023, there were no anti-dilutive stock-based equity awards outstanding. For the nine months ended May 31, 2023, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 6,068 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive. For the three and nine months ended May 31, 2022, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 11,607 and 8,677, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.