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(Loss) Earnings Per Share
 3 Months Ended
Feb. 28, 2015
Earnings Per Share [Abstract]  
(Loss) 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. As we incurred a net loss during the three months ended February 28, 2015, basic and diluted weighted average shares outstanding are the same. The following table sets forth the calculation of basic and diluted (loss) earnings per share on an interim basis (in thousands, except per share data):

 
Three Months Ended
 
February 28,
2015
 
February 28,
2014
Net (loss) income
$
(971
)
 
$
11,100

Weighted average shares outstanding
50,668

 
51,494

Dilutive impact from common stock equivalents
—

 
671

Diluted weighted average shares outstanding
50,668

 
52,165

Basic (loss) earnings per share
$
(0.02
)
 
$
0.22

Diluted (loss) earnings per share
$
(0.02
)
 
$
0.21



We excluded stock awards representing approximately 948,000 shares and 298,000 shares of common stock from the calculation of diluted (loss) earnings per share in the three months ended February 28, 2015 and February 28, 2014, respectively, because these awards were anti-dilutive.