Net Earnings Per Share

6 Months Ended

Feb. 28, 2015

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, 2015 and 2014:



	Three months ended				Six months ended
	February 28,		February 28,		February 28,		February 28,
($ and shares in thousands, except per share amounts)	2015		2014		2015		2014
Numerator:
Net earnings	$	8,995	$	13,450	$	16,563	$	23,684

Denominator:
Weighted average shares outstanding		11,982		12,910		12,103		12,899
Diluted effect of stock awards		26		32		38		48
Weighted average shares outstanding assuming dilution		12,008		12,942		12,141		12,947

Basic net earnings per share	$	0.75	$	1.04	$	1.37	$	1.84
Diluted net earnings per share	$	0.75	$	1.04	$	1.36	$	1.83

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		Six months ended
	February 28,		February 28,
Units and options in thousands	2015	2014	2015	2014
Restricted stock units	2	2	6	6
Stock options	50	47	54	40

- Definition

The entire disclosure for earnings per share.

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