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Net Earnings Per Share
 3 Months Ended
Nov. 30, 2012
Net Earnings Per Share [Abstract]  
Net Earnings Per Share

Note 3 – Net Earnings per Share

The following table shows the computation of basic and diluted net earnings per share for the three months ended November 30, 2012 and 2011:

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

November 30,

($ and shares in thousands, except per share amounts)

 

2012

 

2011

Numerator:

 

 

 

 

 

 

    Net earnings

 

$
14,728 

 

$
2,921 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

    Weighted average shares outstanding

 

 
12,756 

 

 
12,682 

    Diluted effect of stock equivalents

 

 
97 

 

 
82 

    Weighted average shares outstanding assuming dilution

 

 
12,853 

 

 
12,764 

 

 

 

 

 

 

 

Basic net earnings per share

 

$
1.15 

 

$
0.23 

Diluted net earnings per share

 

$
1.15 

 

$
0.23 

 

 

 

 

 

 

 

Certain stock options and restricted stock units were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive. Performance stock units are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. Items excluded from the calculation were not significant for the three months ended November 30, 2012 and 2011.