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Earnings Per Share
 3 Months Ended
Feb. 28, 2017
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. As we incurred a net loss during the three months ended February 28, 2017, basic and diluted weighted average shares outstanding are the same. The following table sets forth the calculation of basic and diluted earnings per share on an interim basis (in thousands, except per share data):

 
Three Months Ended
 
February 28,
2017
 
February 29,
2016
Net (loss) income
$
(525
)
 
$
3,216

Weighted average shares outstanding
48,733

 
50,810

Dilutive impact from common stock equivalents
—

 
630

Diluted weighted average shares outstanding
48,733

 
51,440

Basic (loss) earnings per share
$
(0.01
)
 
$
0.06

Diluted (loss) earnings per share
$
(0.01
)
 
$
0.06



We excluded stock awards representing approximately 2,340,000 shares and 532,000 shares of common stock from the calculation of diluted earnings per share in the three months ended February 28, 2017 and February 29, 2016, respectively, because these awards were anti-dilutive.