Note 11 - Common Stock and Earnings Per Share

12 Months Ended

Aug. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

11. COMMON STOCK AND EARNINGS PER SHARE

On May 14, 2013, FactSet’s Board of Directors approved a 13% increase in the regular quarterly dividend, beginning with the Company’s dividend payment in June 2013 of $0.35 per share, or $1.40 per share per annum.

Shares of common stock outstanding were as follows (in thousands): 

Years Ended August 31,	2013			2012			2011
Balance, beginning of year (September 1)		44,279			45,055			46,024
Common stock issued for employee stock plans		2,459			825			1,283
Stock issued for acquisition of business		-			43			-
Repurchase of common stock		(3,414	)		(1,644	)		(2,252	)
Balance, end of year (August 31)		43,324			44,279			45,055

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share computations is as follows (in thousands, except per share data):

	Net Income (Numerator)						Weighted Average Common Shares (Denominator)						Per Share Amount
Years Ended August 31,	2013		2012			2011	2013		2012		2011		2013		2012		2011
Basic EPS
Income available to common stockholders	$	198,637	$	188,809	$	171,046		43,890		44,784		45,953	$	4.53	$	4.22	$	3.72
Diluted EPS
Dilutive effect of stock options and restricted stock								734		1,026		1,402
Income available to common stockholders plus assumed conversions	$	198,637	$	188,809	$	171,046		44,624		45,810		47,355	$	4.45	$	4.12	$	3.61

Dilutive potential common shares consist of stock options and unvested restricted stock. There were 6,408 stock options excluded from the fiscal 2013 calculation of diluted earnings per share compared to 383,058 stock options excluded from the fiscal 2012 calculation because their inclusion would have been anti-dilutive. A total of 2,670 stock options were excluded from the fiscal 2011 calculation of diluted earnings per share. There were 30,456 restricted stock awards excluded from the calculation of diluted earnings per share in fiscal 2013 and 2012 compared to 11,284 in fiscal 2011.

As of August 31, 2013, 2012 and 2011, 1,202,685, 1,710,017 and 1,672,975, respectively, performance-based stock option grants were excluded from the calculation of diluted earnings per share. Performance-based stock options are omitted from the calculation of diluted earnings per share until the performance criteria have been met.