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Net Earnings Per Share
 9 Months Ended
May 31, 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 nine months ended May 31, 2013 and 2012:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

May 31,

 

May 31,

 

May 31,

 

May 31,

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

 

2013

 

2012

 

2013

 

2012

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

    Net earnings

 

$
26,063 

 

$
18,823 

 

$
60,142 

 

$
34,518 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

    Weighted average shares outstanding

 

 
12,858 

 

 
12,714 

 

 
12,819 

 

 
12,700 

    Diluted effect of stock equivalents

 

 
89 

 

 
100 

 

 
75 

 

 
99 

    Weighted average shares outstanding assuming dilution

 

 
12,947 

 

 
12,814 

 

 
12,894 

 

 
12,799 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$
2.03 

 

$
1.48 

 

$
4.69 

 

$
2.72 

Diluted net earnings per share

 

$
2.01 

 

$
1.47 

 

$
4.66 

 

$
2.70 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 nine months ended May 31, 2013 and 2012.