Net Income Per Share (Tables)

6 Months Ended

Feb. 29, 2020

Net Income Per Share

Schedule of determination of earnings per share under the two-class method

	Three Months Ended				Six Months Ended
	February 29, 2020		February 28, 2019		February 29, 2020		February 28, 2019
Basic Earnings per Share
Net income	$	7,879	$	5,273	$	15,241	$	14,096
Less: Allocated to participating securities		69		41		118		110
Net income available to common shareholders	$	7,810	$	5,232	$	15,123	$	13,986
Basic weighted average shares outstanding		9,355,821		9,332,288		9,353,985		9,330,929
Net income per share - Basic	$	0.83	$	0.56	$	1.62	$	1.50
Diluted Earnings per Share
Net income	$	7,879	$	5,273	$	15,241	$	14,096
Less: Allocated to participating securities		69		41		118		110
Net income available to common shareholders	$	7,810	$	5,232	$	15,123	$	13,986
Basic weighted average shares outstanding		9,355,821		9,332,288		9,353,985		9,330,929
Additional dilutive common stock equivalents		88,390		40,742		85,230		46,238
Diluted weighted average shares outstanding		9,444,211		9,373,030		9,439,215		9,377,167
Net income per share - Diluted	$	0.83	$	0.56	$	1.60	$	1.49