Earnings Per Share

9 Months Ended

May. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

15. Earnings Per Share

The dilutive effect of outstanding stock options on earnings per share is calculated using the treasury stock method. Stock options are anti-dilutive and excluded from the earnings per share calculation if the exercise price exceeds the average market price of the common shares. There were no outstanding options to purchase common shares that were anti-dilutive and excluded from the third quarter earnings per share calculation at May 31, 2015 compared to 5.2 million at May 31, 2014. Anti-dilutive shares excluded from the year to date earnings per share calculation were 3.3 million and 4.6 million in fiscal 2015 and 2014, respectively.