Earnings Per Common Share

12 Months Ended

Nov. 30, 2021

NOTE 12—EARNINGS PER COMMON SHARE:

The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:

	Fiscal Years Ended November 30,
	2021		2020		2019
Basic earnings per common share:
Income from continuing operations attributable to common stockholders⁽¹⁾	$	391,025	$	330,780	$	358,871
Income from discontinued operations attributable to common stockholders⁽¹⁾	—			192,497		137,248
Net income attributable to common stockholders⁽¹⁾	$	391,025	$	523,276	$	496,119

Weighted-average number of common shares - basic		62,239		50,900		50,669

Basic earnings per common share
Continuing operations	$	6.28	$	6.50	$	7.08
Discontinued operations	—			3.78		2.71
Total basic net earnings per share	$	6.28	$	10.28	$	9.79

Diluted earnings per common share:
Income from continuing operations attributable to common stockholders⁽¹⁾	$	391,051	$	330,802	$	358,885
Income from discontinued operations attributable to common stockholders⁽¹⁾	—			192,510		137,255
Net income attributable to common stockholders⁽¹⁾	$	391,051	$	523,313	$	496,139

Weighted-average number of common shares - basic		62,239		50,900		50,669
Effect of dilutive securities:
Stock options and restricted stock units		459		337		267
Weighted-average number of common shares - diluted		62,698		51,237		50,936

Diluted earnings per common share
Continuing operations	$	6.24	$	6.46	$	7.05
Discontinued operations	—			3.76		2.69
Total basic net earnings per share	$	6.24	$	10.21	$	9.74

Anti-dilutive shares excluded from diluted earnings per share calculation	16		63		108

(1)

Restricted stock awards granted by the Company are considered participating securities. Income available to participating securities was immaterial in all periods presented.