Earnings Per Share and Stock Issuances

6 Months Ended

May 31, 2017

Earnings Per Share, Basic and Diluted [Abstract]

EARNINGS PER SHARE AND STOCK ISSUANCE

The following table sets forth the reconciliation of average shares outstanding (in millions):



	Three months ended May 31,		Six months ended May 31,
	2017	2016	2017	2016
Average shares outstanding – basic	124.7	126.9	125.0	127.0
Effect of dilutive securities:
Stock options/RSUs/LTPP	1.7	1.4	1.7	1.3
Average shares outstanding – diluted	126.4	128.3	126.7	128.3

The following table sets forth the stock options and RSUs for the three and six months ended May 31, 2017 and 2016 which were not considered in our earnings per share calculation since they were anti-dilutive (in millions):



	Three months ended May 31,		Six months ended May 31,
	2017	2016	2017	2016
Anti-dilutive securities	0.4	0.5	0.9	0.3

The following table sets forth the common stock activity for the three and six months ended May 31, 2017 and 2016 under the Company’s stock option and employee stock purchase plans and the repurchases of common stock under its stock repurchase program (in millions):



	Three months ended May 31,		Six months ended May 31,
	2017	2016	2017	2016
Shares issued, net of shares withheld for taxes, under stock option, RSUs, LTPP and employee stock purchase plans	0.4	0.4	0.6	0.5
Shares repurchased in connection with the stock repurchase program	0.5	0.5	1.4	1.1

As of May 31, 2017, $191.3 million remained of the $600 million share repurchase authorization that was authorized by the Board of Directors in March 2015.