Net Earnings Per Share (Tables)

9 Months Ended

May 31, 2019

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, 2019 and May 31, 2018:

	Three months ended				Nine months ended
($ and shares in thousands, except per share amounts)	May 31, 2019		May 31, 2018		May 31, 2019		May 31, 2018
Numerator:
Net earnings	$	2,897	$	10,379	$	669	$	15,299

Denominator:
Weighted average shares outstanding		10,786		10,757		10,779		10,735
Diluted effect of stock awards		28		28		28		28
Weighted average shares outstanding assuming dilution		10,814		10,785		10,807		10,763

Basic net earnings per share	$	0.27	$	0.96	$	0.06	$	1.43
Diluted net earnings per share	$	0.27	$	0.96	$	0.06	$	1.42

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				Nine months ended
(Units and options in thousands)	May 31, 2019		May 31, 2018		May 31, 2019		May 31, 2018
Restricted stock units		—		1		11		24
Stock options		88		58		66		75
Performance stock units		—		—		3		—