. COMMON STOCK AND EARNINGS PER SHARE

May 5, 2017,

FactSet’s Board of Directors approved a regular quarterly dividend of

$0.56

per share, or

$2.24

per share per annum. The cash dividend of

$22.0

million was paid on

June 20, 2017

to common stockholders of record at the close of business on

May 31, 2017.

Shares of common stock outstanding were as follows:

	Nine months ended
(i n thousands)	May 31, 2017			May 31, 2016
Balance at September 1		40,038			41,317
Common stock issued for employee stock plans		585			579
Repurchase of common stock from employees (1)		(37	)		(20	)
Repurchase of common stock under the share repurchase program		(1,285	)		(1,220	)
Repurchase of common stock under accelerated share repurchase agreement		(103	)		—
Balance at May 31, 2017 and May 31, 2016, respectively		39,198			40,656

(

)

For the

nine

months

ended

May 31, 2017

and

May 31, 2016

, the

Company repurch

ased

37,042

and

19,892

shares, or

$5.7

million and

$3.3million,

of common stock, respectively, in settlement of employee tax withholding obligations due upon the ves

ting

of restricted stock.

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share (“EPS”) computations is as follows:

(in thousands, except per share data)	Net Income (Numerator)		Weighted Average Common Shares (Denominator)		Per Share Amount
For the three months ended May 31, 2017
Basic EPS
Income available to common stockholders	$	65,414		39,317	$	1.66
Diluted EPS
Dilutive effect of stock options and restricted stock				140
Income available to common stockholders plus assumed conversions	$	65,414		39,457	$	1.66
For the three months ended May 31, 2016
Basic EPS
Income available to common stockholders	$	66,781		40,779	$	1.64
Diluted EPS
Dilutive effect of stock options and restricted stock				410
Income available to common stockholders plus assumed conversions	$	66,781		41,189	$	1.62
For the nine months ended May 31, 2017
Basic EPS
Income available to common stockholders	$	198,707		39,528	$	5.03
Diluted EPS
Dilutive effect of stock options and restricted stock				208
Income available to common stockholders plus assumed conversions	$	198,707		39,736	$	5.00
For the nine months ended May 31, 2016
Basic EPS
Income available to common stockholders	$	194,508		41,094	$	4.73
Diluted EPS
Dilutive effect of stock options and restricted stock				502
Income available to common stockholders plus assumed conversions	$	194,508		41,596	$	4.68

Dilutive potential common shares consist of stock options and unvested restricted stock awards. The number of stock options excluded from the calculation of diluted earnings per share for the

three

and

nine

months ended

May 31, 2017

was

492,649

because their inclusion would have been anti-dilutive. The number of stock options excluded from the calculation of diluted earnings per share for the

three

and

nine

months ended

May 31, 2016

was

688,538

because their inclusion would have been anti-dilutive.

For the

three

and

nine

months ended

May 31, 2017,

the number of performance-based stock option grants excluded from the calculation of diluted EPS was

754,561

For the

three

and

nine

months ended

May 31, 2016,

the number of performance-based stock option grants excluded from the calculation of diluted earnings per share was

937,089

Performance-based stock options are omitted from the calculation of diluted EPS until the performance criteria are probable of being achieved.