Earnings Per Share (Tables)

9 Months Ended

Aug. 31, 2020

Schedule of Reconciliation of Actual Basic and Diluted Earnings Per Share

The following table reconciles actual basic and diluted earnings per share for the three months and nine months ended August 31, 2020 and 2019 (in thousands except per share data).


	Three Months Ended August 31,						Nine Months Ended August 31,
	2020(1)		2019(2)		2020(3)		2019(4)
Income (loss) per share:
Numerator:
Net income (loss) from continuing operations	$	(1,028)	$	80,201	$	16,127	$	16,875
Net income (loss) from discontinued operations	—		70		(53)		36
Numerator for basic EPS - net income (loss) attributable to common stockholders	$	(1,028)	$	80,271	$	16,074	$	16,911
Add back convertible notes interest	—		1,095		2,996		3,270
Numerator for diluted earnings per share - net income (loss) attributable to common stockholders	$	(1,028)	$	81,296	$	19,123	$	20,145

Basic income (loss) per common share:
Basic income (loss) from continuing operations	$	(0.01)	$	0.51	$	0.10	$	0.11
Basic income (loss) from discontinued operations	—		—		—		—
Basic income (loss) per share available to common shareholders	$	(0.01)	$	0.51	$	0.10	$	0.11
Diluted income (loss) per common share:
Diluted income (loss) from continuing operations	$	(0.01)	$	0.41	$	0.09	$	0.10
Diluted income (loss) from discontinued operations	—		—		—		—
Diluted income (loss) per share available to common shareholders	$	(0.01)	$	0.41	$	0.09	$	0.10
Denominator:
Basic	157,655,140		156,968,470		157,624,241		156,949,425
Diluted	157,655,140		195,979,957		206,696,703		194,867,908

(1)The computation of diluted EPS does not include 100,000 shares underlying stock appreciation rights, 1,000,000 shares of restricted stock, 42,500,000 shares of common stock underlying warrants and 33,918,483 shares of common stock issuable upon conversion of the 5% Convertible Notes as the effect of their inclusion would have been anti-dilutive.

(2)The computation of diluted EPS does not include 85,000 shares of common stock underlying options, 100,000 shares of stock appreciation rights and 2,000,000 shares of common stock underlying warrants, as the effect of their inclusion would have been anti-dilutive.

(3)The computation of diluted EPS does not include 100,000 shares underlying stock appreciation rights as the effect of their inclusion would have been anti-dilutive.

(4)The computation of diluted EPS does not include 85,000 shares of common stock underlying options, 100,000 shares of stock appreciation rights, 1,083,333 shares of restricted stock and 44,500,000 shares of common stock underlying warrants, as the effect of their inclusion would have been anti-dilutive.