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Net Earnings Per Share (Tables)
6 Months Ended
Feb. 28, 2022
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Earnings Per Share

The following table shows the computation of basic and diluted net earnings per share for the three and six months ended February 28, 2022 and 2021:

 

 

Three months ended

 

 

Six months ended

 

($ and shares in thousands, except per share amounts)

 

February 28,
2022

 

 

February 28,
2021

 

 

February 28,
2022

 

 

February 28,
2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

14,566

 

 

$

11,876

 

 

$

22,467

 

 

$

18,971

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

10,974

 

 

 

10,884

 

 

 

10,950

 

 

 

10,865

 

Diluted effect of stock awards

 

 

40

 

 

 

97

 

 

 

70

 

 

 

69

 

Weighted average shares outstanding assuming
   dilution

 

 

11,014

 

 

 

10,981

 

 

 

11,020

 

 

 

10,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$

1.33

 

 

$

1.09

 

 

$

2.05

 

 

$

1.75

 

Diluted net earnings per share

 

$

1.32

 

 

$

1.08

 

 

$

2.04

 

 

$

1.74

 

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share The following table shows the securities excluded from the computation of earnings per share because their effect would have been anti-dilutive:

 

 

 

Three months ended

 

 

Six months ended

 

(Units and options in thousands)

 

February 28,
2022

 

 

February 28,
2021

 

 

February 28,
2022

 

 

February 28,
2021

 

Restricted stock units

 

 

3

 

 

 

 

 

 

2

 

 

 

 

Stock options

 

 

5

 

 

 

5

 

 

 

8

 

 

 

42

 

Performance stock units

 

 

6

 

 

 

3

 

 

 

4

 

 

 

6