Net Income Per Share (Tables)

6 Months Ended

May 31, 2016

Earnings Per Share [Abstract]

Summary of Net Income Per Share

Accordingly, basic and diluted net income per share for the three and six months ended May 31, 2016 was as follows:

	ThreeMonths Ended		Six Months Ended
	May 31,		May 31,
(in thousands, except per share amounts)	2016		2016
Basic net income per share:
Numerator:
Net income attributable to Class A shareholders	$	10,022	$	15,330
Denominator:
Basic weighted-average shares		20,011		20,009
Basic net income per share	$	0.50	$	0.77
Diluted net income per share:
Numerator:
Net income attributable to Class A shareholders	$	10,022	$	15,330
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		7,801		11,912
	$	17,823	$	27,242
Denominator:
Basic weighted-average  shares		20,011		20,009
Effect of dilutive securities:
Class B shares (1)		15,500		15,500
Diluted weighted-average shares		35,511		35,509
Diluted net income per share	$	0.50	$	0.77

(1) Up to the amount of OpCo common units held by Sponsors