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Net Earnings Per Share
 6 Months Ended
Feb. 28, 2013
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 and six months ended February 28, 2013 and February 29, 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

 

February 28,

 

February 29,

 

February 28,

 

February 29,

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

 

2013

 

2012

 

2013

 

2012

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

    Net earnings

 

$
19,351 

 

$
12,774 

 

$
34,079 

 

$
15,695 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

    Weighted average shares outstanding

 

 
12,842 

 

 
12,703 

 

 
12,799 

 

 
12,692 

    Diluted effect of stock equivalents

 

 
40 

 

 
118 

 

 
68 

 

 
100 

    Weighted average shares outstanding assuming dilution

 

 
12,882 

 

 
12,821 

 

 
12,867 

 

 
12,792 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$
1.51 

 

$
1.01 

 

$
2.66 

 

$
1.24 

Diluted net earnings per share

 

$
1.50 

 

$
1.00 

 

$
2.65 

 

$
1.23 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 or six months ended February 28, 2013 and February 29, 2012.