Earnings Per Share (Tables)

3 Months Ended

Feb. 29, 2020

Earnings Per Share, Basic and Diluted [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):

	Three Months Ended
	February 29, 2020			February 28, 2019
Numerator:
Net income	$	59,748		$	30,011
Less: Distributed earnings allocated to nonvested restricted stock	(44		)	(14		)
Less: Undistributed earnings allocated to nonvested restricted stock	(281		)	(176		)
Numerator for basic earnings per share	59,423			29,821

	Three Months Ended
	February 29, 2020			February 28, 2019
Effect of dilutive securities:
Interest expense and amortization of debt issuance costs associated with convertible senior notes, net of taxes	—			541
Add: Undistributed earnings allocated to nonvested restricted stock	281			176
Less: Undistributed earnings reallocated to nonvested restricted stock	(268		)	(158		)
Numerator for diluted earnings per share	$	59,436		$	30,380
Denominator:
Weighted average shares outstanding — basic	89,842			86,972
Effect of dilutive securities:
Share-based payments	4,363			4,202
Convertible senior notes	—			5,788
Weighted average shares outstanding — diluted	94,205			96,962
Basic earnings per share	$	.66		$	.34
Diluted earnings per share	$	.63		$	.31