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Earnings Per Share
 6 Months Ended
May 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding plus the effect of outstanding dilutive stock options, restricted stock units and deferred stock units, using the treasury stock method. The following table sets forth the calculation of basic and diluted earnings per share from continuing operations on an interim basis (in thousands, except per share data):
 
 
Three Months Ended
 
Six Months Ended
 
May 31,
2014
 
May 31,
2013
 
May 31,
2014
 
May 31,
2013
Income from continuing operations
$
12,799

 
$
8,142

 
$
23,899

 
$
17,955

Weighted average shares outstanding
51,049

 
54,919

 
51,271

 
56,410

Dilutive impact from common stock equivalents
624

 
817

 
648

 
834

Diluted weighted average shares outstanding
51,673

 
55,736

 
51,919

 
57,244

Basic earnings per share from continuing operations
$
0.25

 
$
0.15

 
$
0.47

 
$
0.32

Diluted earnings per share from continuing operations
$
0.25

 
$
0.15

 
$
0.46

 
$
0.31



We excluded stock awards representing approximately 501,000 shares and 399,000 shares of common stock from the calculation of diluted earnings per share in the three and six months ended May 31, 2014, respectively, because these awards were anti-dilutive. In the three and six months ended May 31, 2013, we excluded stock awards representing 775,000 shares and 1,084,000 shares of common stock, respectively, from the calculation of diluted earnings per share.