Net Income Per Share (Tables)

6 Months Ended

May 31, 2017

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Income Per Share

The following table presents the calculation of basic and diluted net income per share:

	Three Months Ended				Six Months Ended
(in thousands, except per share amounts)	May 31, 2017		May 31, 2016		May 31, 2017		May 31, 2016
Basic net income per share:
Numerator:
Net income attributable to Class A shareholders	$	3,386	$	10,022	$	4,247	$	15,330
Denominator:
Basic weighted-average shares	28,077		20,011		28,075		20,009
Basic net income per share	$	0.12	$	0.50	$	0.15	$	0.77
Diluted net income per share:
Numerator:
Net income attributable to Class A shareholders	$	3,386	$	10,022	$	4,247	$	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	1,904		7,801		2,422		11,912
	$	5,290	$	17,823	$	6,669	$	27,242
Denominator:
Basic weighted-average shares	28,077		20,011		28,075		20,009
Effect of dilutive securities:
Class B shares (1)	15,500		15,500		15,500		15,500
Diluted weighted-average shares	43,577		35,511		43,575		35,509
Diluted net income per share	$	0.12	$	0.50	$	0.15	$	0.77

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