Earnings Per Share

9 Months Ended

Aug. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding plus the effect of outstanding dilutive stock options, restricted stock units and deferred stock units, using the treasury stock method. The following table sets forth the calculation of basic and diluted earnings per share from continuing operations on an interim basis (in thousands, expect per share data):

	Three Months Ended				Nine Months Ended
	August 31, 2012		August 31, 2011		August 31, 2012		August 31, 2011
Income from continuing operations	$	7,976	$	9,588	$	14,857	$	48,497
Weighted average shares outstanding	63,469		65,861		62,888		66,581
Dilutive impact from common stock equivalents	636		1,419		907		2,147
Diluted weighted average shares outstanding	64,105		67,280		63,795		68,728
Basic earnings per share from continuing operations	$	0.13	$	0.15	$	0.24	$	0.73
Diluted earnings per share from continuing operations	$	0.12	$	0.14	$	0.23	$	0.71

We excluded stock awards representing approximately 4,877,000 shares, 4,071,000 shares, 3,098,000 shares and 1,386,000 shares of common stock from the calculation of diluted earnings per share in the three and nine months ended August 31, 2012 and 2011, respectively, because these awards were anti-dilutive.