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Net Earnings Per Share (Tables)
9 Months Ended
May 31, 2024
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 nine months ended May 31, 2024 and 2023:

 

 

Three months ended

 

 

Nine months ended

 

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

 

May 31,
2024

 

 

May 31,
2023

 

 

May 31,
2024

 

 

May 31,
2023

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings

 

$

20,379

 

 

$

16,881

 

 

$

53,521

 

 

$

53,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

10,996

 

 

 

11,008

 

 

 

11,016

 

 

 

11,001

 

Diluted effect of stock awards

 

 

34

 

 

 

44

 

 

 

39

 

 

 

62

 

Weighted average shares outstanding assuming
   dilution

 

 

11,030

 

 

 

11,052

 

 

 

11,055

 

 

 

11,063

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$

1.85

 

 

$

1.53

 

 

$

4.86

 

 

$

4.83

 

Diluted net earnings per share

 

$

1.85

 

 

$

1.53

 

 

$

4.84

 

 

$

4.80