Earnings Per Share

6 Months Ended

Feb. 29, 2016

Earnings Per Share [Abstract]

Earnings Per Share

Note 14. 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 3.2 million outstanding options to purchase common shares that were anti-dilutive and excluded from the second quarter earnings per share calculation as of February 29, 2016 compared to 3.4 million as of February 28, 2015. Anti-dilutive shares excluded from the year to date earnings per share calculation were 2.2 million compared to 5.0 million for the periods ending February 29, 2016 and February 28, 2015, respectively.