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Earnings Per Share | 12 Months Ended
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Aug. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 16. EARNINGS PER SHARE The following schedule shows the calculation of earnings per share (EPS) for the periods presented (in thousands, except per-share amounts).
YEAR ENDED |  |  |  |  |  |
AUGUST 31, |  | 2023 |  | 2022 |  | 2021
Numerator for basic and |  |  |  |  |  |
diluted earnings per share: |  |  |  |  |  |
Net income | $ | 17,781 | $ | 18,430 | $ | 13,623
Denominator for basic and |  |  |  |  |  |
diluted earnings per share: |  |  |  |  |  |
Basic weighted average shares |  |  |  |  |  |
outstanding |  | 13,640 |  | 14,147 |  | 14,090
Effect of dilutive securities: |  |  |  |  |  |
Stock-based compensation |  |  |  |  |  |
awards |  | 659 |  | 408 |  | 53
Diluted weighted average shares |  |  |  |  |  |
outstanding |  | 14,299 |  | 14,555 |  | 14,143
EPS Calculations: |  |  |  |  |  |
Net income per share: |  |  |  |  |  |
Basic | $ | 1.30 | $ | 1.30 | $ | 0.97
Diluted |  | 1.24 |  | 1.27 |  | 0.96

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