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Earnings per Common Share
 9 Months Ended
May 31, 2024
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,
2024202320242023
Net income$19,842 $18,895 $52,860 $49,418 
Less: Net income allocated to participating securities(67)(82)(189)(207)
Net income available to common stockholders$19,775 $18,813 $52,671 $49,211 
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,
2024202320242023
Weighted-average common shares outstanding, basic13,552 13,573 13,556 13,582 
Weighted-average dilutive securities25 27 25 24 
Weighted-average common shares outstanding, diluted13,577 13,600 13,581 13,606 
For the three months ended May 31, 2024, there were no anti-dilutive stock-based equity awards outstanding. For the nine months ended May 31, 2024, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 1,801 were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.
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.