Earnings Per Common Share

3 Months Ended

Nov. 30, 2019

Earnings Per Common Share [Abstract]

Earnings Per Common Share

Note 10. Earnings per Common Share

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

	Three Months Ended November 30,
	2019		2018
Net income	$	12,194	$	13,279
Less: Net income allocated to
participating securities		(67)		(87)
Net income available to common shareholders	$	12,127	$	13,192

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,
	2019		2018
Weighted-average common
shares outstanding, basic		13,714		13,846
Weighted-average dilutive securities		32		36
Weighted-average common
shares outstanding, diluted		13,746		13,882

For the three months ended November 30, 2019 and 2018, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 5,729 and 4,328, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.