Earnings Per Share

12 Months Ended

Nov. 30, 2014

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 (in thousands, expect per share data):

	Fiscal Year Ended
	November 30, 2014		November 30, 2013		November 30, 2012
Income from continuing operations	$	49,458	$	39,777	$	44,954
Weighted average shares outstanding	50,840		54,516		62,881
Dilutive impact from common stock equivalents	626		863		860
Diluted weighted average shares outstanding	51,466		55,379		63,741
Basic earnings per share from continuing operations	$	0.97	$	0.73	$	0.71
Diluted earnings per share from continuing operations	$	0.96	$	0.72	$	0.71

We excluded stock awards representing approximately 355,000 shares, 744,000 shares, and 4,115,000 shares of common stock from the calculation of diluted earnings per share in the fiscal years ended November 30, 2014, 2013 and 2012, respectively, because these awards were anti-dilutive.