Earnings Per Share

9 Months Ended

Aug. 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, except per share data):

	Three Months Ended				Nine Months Ended
	August 31, 2013		August 31, 2012		August 31, 2013		August 31, 2012
Income from continuing operations	$	7,204	$	7,744	$	25,159	$	32,460
Weighted average shares outstanding	53,532		63,469		55,451		62,888
Dilutive impact from common stock equivalents	857		636		841		907
Diluted weighted average shares outstanding	54,389		64,105		56,292		63,795
Basic earnings per share from continuing operations	$	0.13	$	0.12	$	0.45	$	0.52
Diluted earnings per share from continuing operations	$	0.13	$	0.12	$	0.45	$	0.51

We excluded stock awards representing approximately 455,000 shares, 875,000 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, 2013 and 2012, respectively, because these awards were anti-dilutive.