XML 27 R16.htm IDEA: XBRL DOCUMENT v3.24.3
Net Earnings Per Share
 12 Months Ended
Aug. 31, 2024
Earnings Per Share [Abstract]  
Net Earnings Per Share

Note 5 – Net Earnings Per Share

The following table shows the computation of basic and diluted net earnings per share for fiscal 2024, 2023, and 2022:

 

 

 

For the years ended August 31,

 

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

 

2024

 

 

2023

 

 

2022

 

Numerator:

 

 

 

 

 

 

 

 

 

Net earnings

 

$

66,257

 

 

$

72,379

 

 

$

65,469

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

10,976

 

 

 

11,003

 

 

 

10,965

 

Diluted effect of stock equivalents

 

 

41

 

 

 

59

 

 

 

66

 

Weighted average shares outstanding assuming dilution

 

 

11,017

 

 

 

11,062

 

 

 

11,031

 

 

 

 

 

 

 

 

 

 

 

Basic net earnings per share

 

$

6.04

 

 

$

6.58

 

 

$

5.97

 

Diluted net earnings per share

 

$

6.01

 

 

$

6.54

 

 

$

5.94

 

 

Certain stock options and restricted stock units were excluded from the computation of diluted net earnings per share because their effect would have been anti-dilutive. Performance stock units are excluded from the calculation of dilutive potential common shares until the threshold performance conditions have been satisfied. The number of securities excluded from the computation of earnings per share because their effect would have been anti-dilutive was not significant for fiscal 2024, 2023, and 2022.