XML 46 R35.htm IDEA: XBRL DOCUMENT v3.19.2
Earnings per share (Tables)
6 Months Ended
May 31, 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
 
Six Months Ended
 
May 31,
2019
 
May 31,
2018
 
May 31,
2019
 
May 31,
2018
 
 
 
As Adjusted(1)
 
 
 
As Adjusted(1)
Net income
$
8,181

 
$
12,904

 
$
17,583

 
$
26,637

Weighted average shares outstanding
44,611

 
45,531

 
44,784

 
46,030

Dilutive impact from common stock equivalents
676

 
556

 
503

 
751

Diluted weighted average shares outstanding
45,287

 
46,087

 
45,287

 
46,781

Basic earnings per share
$
0.18

 
$
0.28

 
$
0.39

 
$
0.58

Diluted earnings per share
$
0.18

 
$
0.28

 
$
0.39

 
$
0.57

(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.