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Earnings Per Share
 6 Months Ended
May 31, 2013
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
 
Six Months Ended
 
May 31,
2013
 
May 31,
2012
 
May 31,
2013
 
May 31,
2012
Income from continuing operations
$
8,142

 
$
8,855

 
$
17,955

 
$
24,715

Weighted average shares outstanding
54,919

 
63,051

 
56,410

 
62,598

Dilutive impact from common stock equivalents
817

 
—

 
834

 
1,043

Diluted weighted average shares outstanding
55,736

 
63,051

 
57,244

 
63,641

Basic earnings per share from continuing operations
$
0.15

 
$
0.14

 
$
0.32

 
$
0.39

Diluted earnings per share from continuing operations
$
0.15

 
$
0.14

 
$
0.31

 
$
0.39



We excluded stock awards representing approximately 775,000 shares, 1,084,000 shares, 7,890,000 shares and 3,668,000 shares of common stock from the calculation of diluted earnings per share in the three and six months ended May 31, 2013 and 2012, respectively, because these awards were anti-dilutive.