Earnings Per Common Share

3 Months Ended

Nov. 30, 2014

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 9.  Earnings per Common Share

The table below reconciles net income to net income available to common shareholders (in thousands):

	Three Months Ended November 30,
	2014		2013
Net income	$	10,786	$	11,482
Less: Net income allocated to
participating securities		(62)		(58)
Net income available to common shareholders	$	10,724	$	11,424

The table below summarizes the weighted-average number of common shares outstanding included in the calculation of basic and diluted EPS (in thousands):

	Three Months Ended November 30,
	2014		2013
Weighted-average common
shares outstanding, basic		14,668		15,279
Weighted-average dilutive securities		70		87
Weighted-average common
shares outstanding, diluted		14,738		15,366

For the three months ended November 30, 2014 and 2013, weighted-average stock-based equity awards outstanding that are non-participating securities in the amounts of 5,347 and 17,818,respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.