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Net Income Per Share (Tables)
 3 Months Ended
Feb. 29, 2016
Earnings Per Share [Abstract]  
Summary of Net Income Per Share

Accordingly, basic and diluted net income per share for the three months ended Feburary 29, 2016 was as follows:

 

 

 

Three Months Ended

 

 

 

February 29,

 

(in thousands, except per share amounts)

 

2016

 

Basic net income per share:

 

 

 

 

Numerator:

 

 

 

 

Net income attributable to Class A shareholders

 

$

5,308

 

 

 

 

 

 

Denominator:

 

 

 

 

Basic weighted-average shares

 

 

20,007

 

 

 

 

 

 

Basic net income per share

 

$

0.27

 

 

 

 

 

 

Diluted net income per share:

 

 

 

 

Numerator:

 

 

 

 

Net income attributable to Class A shareholders

 

$

5,308

 

Add: Additional net income attributable to

   Class A shares due to increased percentage

   ownership in OpCo, net of tax, from the

   conversion of Class B shares

 

 

4,112

 

 

 

$

9,420

 

 

 

 

 

 

Denominator:

 

 

 

 

Basic weighted-average  shares

 

 

20,007

 

Effect of dilutive securities:

 

 

 

 

Class B shares (1)

 

 

15,500

 

Diluted weighted-average shares

 

 

35,507

 

 

 

 

 

 

Diluted net income per share

 

$

0.27

 

 

(1)

Up to the amount of OpCo common units held by Sponsors