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Earnings Per Share (Tables)
3 Months Ended
Feb. 28, 2019
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings Per Share
The following table sets forth the calculation of basic and diluted earnings per share on an interim basis (in thousands, except per share data):

 
Three Months Ended
 
February 28,
2019
 
February 28,
2018
 
 
 
As Adjusted(1)
Net income
$
9,402

 
$
13,732

Weighted average shares outstanding
44,956

 
46,529

Dilutive impact from common stock equivalents
330

 
947

Diluted weighted average shares outstanding
45,286

 
47,476

Basic earnings per share
$
0.21

 
$
0.30

Diluted earnings per share
$
0.21

 
$
0.29

(1)The Company adopted ASC 606 effective December 1, 2018 using the full retrospective method. See Note 1. Nature of Business and Basis of Presentation for further information.