XML 57 R35.htm IDEA: XBRL DOCUMENT v3.6.0.2
Earnings Per Share (Tables)
12 Months Ended
Nov. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Basic and diluted earnings per share were calculated as follows (in thousands, except per share amounts):
 
Years Ended November 30,
 
2016
 
2015
 
2014
Numerator:
 
 
 
 
 
Net income
$
105,615

 
$
84,643

 
$
918,349

Less: Distributed earnings allocated to nonvested restricted stock
(45
)
 
(33
)
 
(26
)
Less: Undistributed earnings allocated to nonvested restricted stock
(508
)
 
(273
)
 
(2,667
)
Numerator for basic earnings per share
105,062

 
84,337

 
915,656

Effect of dilutive securities:
 
 
 
 
 
Interest expense and amortization of debt issuance costs associated with convertible senior notes, net of taxes
2,667

 
2,667

 
2,667

Add: Undistributed earnings allocated to nonvested restricted stock
508

 
273

 
2,667

Less: Undistributed earnings reallocated to nonvested restricted stock
(453
)
 
(244
)
 
(2,398
)
Numerator for diluted earnings per share
$
107,784

 
$
87,033

 
$
918,592

Denominator:
 
 
 
 
 
Weighted average shares outstanding — basic
85,706

 
92,054

 
89,265

Effect of dilutive securities:
 
 
 
 
 
Share-based payments
2,170

 
2,401

 
1,647

Convertible senior notes
8,402

 
8,402

 
8,402

Weighted average shares outstanding — diluted
96,278

 
102,857

 
99,314

Basic earnings per share
$
1.23

 
$
.92

 
$
10.26

Diluted earnings per share
$
1.12

 
$
.85

 
$
9.25