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Net Earnings Per Share
 3 Months Ended
Nov. 30, 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 months ended November 30, 2014 and 2013:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

November 30,

 

November 30,

 

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

 

2014

 

2013

 

Numerator:

 

 

 

 

 

 

 

    Net earnings

 

$
7,568 

 

$
10,234 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

    Weighted average shares outstanding

 

 
12,224 

 

 
12,889 

 

    Diluted effect of stock awards

 

 
50 

 

 
62 

 

    Weighted average shares outstanding assuming dilution

 

 
12,274 

 

 
12,951 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$
0.62 

 

$
0.79 

 

Diluted net earnings per share

 

$
0.62 

 

$
0.79 

 

 

 

 

 

 

 

 

 

 

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.  The following table shows the securities excluded from the computation of earnings per share because their effect would have been anti-dilutive:

 

 

 

 

 

 

 

 

 

Three months ended

 

 

 

November 30,

 

Units and options in thousands

 

2014

 

2013

 

Restricted stock units

 
10 

 
11 

 

Stock options

 
58 

 
33