Net Income Per Share (Tables)

9 Months Ended

Aug. 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				Nine Months Ended
(in thousands, except per share amounts)	August 31, 2017		August 31, 2016		August 31, 2017		August 31, 2016
Basic net income per share:
Numerator:
Net income attributable to Class A shareholders	$	7,473	$	7,593	$	11,720	$	22,923
Denominator:
Basic weighted-average shares	28,081		20,015		28,077		20,011
Basic net income per share	$	0.27	$	0.38	$	0.42	$	1.15
Diluted net income per share:
Numerator:
Net income attributable to Class A shareholders	$	7,473	$	7,593	$	11,720	$	22,923
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	4,162		5,985		6,592		17,897
	$	11,635	$	13,578	$	18,312	$	40,820
Denominator:
Basic weighted-average shares	28,081		20,015		28,077		20,011
Effect of dilutive securities:
Class B shares (1)	15,500		15,500		15,500		15,500
Diluted weighted-average shares	43,581		35,515		43,577		35,511
Diluted net income per share	$	0.27	$	0.38	$	0.42	$	1.15

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