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Earnings Per Share
6 Months Ended
Feb. 28, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

2.Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Six months ended

 

 

February 28,

 

February 28,

 

 

2014

 

2013

 

2014

 

2013

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

4,107 

 

$

3,577 

 

$

12,315 

 

$

9,710 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding– basic

 

 

55,958 

 

 

55,798 

 

 

56,125 

 

 

56,735 

Effect of dilutive employee stock options and

 

 

 

 

 

 

 

 

 

 

 

 

unvested restricted stock units

 

 

1,450 

 

 

625 

 

 

1,528 

 

 

519 

Weighted average common shares – diluted

 

 

57,408 

 

 

56,423 

 

 

57,653 

 

 

57,254 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share – basic

 

$

0.07 

 

$

0.06 

 

$

0.22 

 

$

0.17 

Net income per common share – diluted

 

$

0.07 

 

$

0.06 

 

$

0.21 

 

$

0.17 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities excluded(1)

 

 

1,117 

 

 

3,735 

 

 

1,042 

 

 

4,151 

—————————

 

 

 

 

 

 

(1)    Anti-dilutive securities consist of stock options and unvested restricted stock units that were not included in the computation of diluted earnings per share because either the exercise price of the options was greater than the average market price of the common stock or the total assumed proceeds under the treasury stock method resulted in negative incremental shares and thus the inclusion would have been anti-dilutive.