Net Earnings Per Share

12 Months Ended

Aug. 31, 2016

Net Earnings Per Share [Abstract]

Net Earnings Per Share

Note 4 – Net Earnings Per Share

The following table shows the computation of basic and diluted net earnings per share for fiscal 2016,  2015, and 2014:

	For the years ended August 31,
($ and shares in thousands, except per share amounts)	2016		2015		2014
Numerator:
Net earnings	$	20,267	$	26,309	$	51,512
Denominator:
Weighted average shares outstanding		10,906		11,818		12,832
Diluted effect of stock equivalents		24		37		50
Weighted average shares outstanding assuming dilution		10,930		11,855		12,882
Basic net earnings per share	$	1.86	$	2.23	$	4.01
Diluted net earnings per share	$	1.85	$	2.22	$	4.00

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 following table shows the securities excluded from the computation of earnings per share because their effect would have been anti-dilutive:

	For the years ended August 31,
(Units and options in thousands)	2016		2015		2014
Restricted stock units		5		3		3
Stock options		89		50		44