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Net Earnings Per Share
 6 Months Ended
Feb. 28, 2014
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, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

 

February 28,

 

February 28,

 

February 28,

 

February 28,

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

 

2014

 

2013

 

2014

 

2013

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

    Net earnings

 

$
13,450 

 

$
19,351 

 

$
23,684 

 

$
34,079 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

    Weighted average shares outstanding

 

 
12,910 

 

 
12,842 

 

 
12,899 

 

 
12,799 

    Diluted effect of stock equivalents

 

 
32 

 

 
40 

 

 
48 

 

 
68 

    Weighted average shares outstanding assuming dilution

 

 
12,942 

 

 
12,882 

 

 
12,947 

 

 
12,867 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$
1.04 

 

$
1.51 

 

$
1.84 

 

$
2.66 

Diluted net earnings per share

 

$
1.04 

 

$
1.50 

 

$
1.83 

 

$
2.65 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certain stock options and restricted stock units are excluded from the computation of diluted net earnings per share because their effect is 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 and six months ended February 28, 2014 and 2013.