. COMMON STOCK AND EARNINGS PER SHARE

On May 6, 2016, FactSet’s Board of Directors approved a regular quarterly dividend of $0.50 per share, or $2.00 per share per annum. The cash dividend of $20.2 million was paid on June 21, 2016 to common stockholders of record at the close of business on May 31, 2016.

Shares of common stock outstanding were as follows:

	Nine Months ended May 31,
(i n thousands)	2016			2015
Balance at September 1		41,317			41,793
Common stock issued for employee stock plans		579			951
Stock issued for acquisition of a business		—			20
Repurchase of common stock from employees (1)		(20	)		(23	)
Repurchase of common stock under the share repurchase program		(1,220	)		(1,210	)
Balance at May 31, 2016 and 2015, respectively		40,656			41,531

(1)

For the

nine

months ended

May 31, 2016

and

2015

, the Company

repurchased

19,892

and

23,192

shares, or $

3.3

million and

3.1

million, of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock.

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share (“EPS”) computations is as follows:

(in thousands, except per share data)	Net Income (Numerator)		Weighted Average Common Shares (Denominator)		Per Share Amount
For the three months ended May 31, 2016
Basic EPS
Income available to common stockholders	$	66,781		40,779	$	1.64
Diluted EPS
Dilutive effect of stock options and restricted stock				410
Income available to common stockholders plus assumed conversions	$	66,781		41,189	$	1.62
For the three months ended May 31, 2015
Basic EPS
Income available to common stockholders	$	61,409		41,628	$	1.48
Diluted EPS
Dilutive effect of stock options and restricted stock				669
Income available to common stockholders plus assumed conversions	$	61,409		42,297	$	1.45
For the nine months ended May 31, 2016
Basic EPS
Income available to common stockholders	$	194,508		41,094	$	4.73
Diluted EPS
Dilutive effect of stock options and restricted stock				502
Income available to common stockholders plus assumed conversions	$	194,508		41,596	$	4.68
For the nine months ended May 31, 2015
Basic EPS
Income available to common stockholders	$	178,867		41,648	$	4.29
Diluted EPS
Dilutive effect of stock options and restricted stock				669
Income available to common stockholders plus assumed conversions	$	178,867		42,317	$	4.23

Dilutive potential common shares consist of stock options and unvested restricted stock awards. The number of stock options excluded from the calculation of diluted earnings per share for the three and nine months ended May 31, 2016 was 688,538 because their inclusion would have been anti-dilutive. No stock options were excluded from the calculation of diluted earnings per share for the three and nine months ended May 31, 2015.

For the three and nine months ended May 31, 2016, the number of performance-based stock option grants excluded from the calculation of diluted earnings per share was 937,089

For the three and nine months ended May 31, 2015, the number of performance-based stock option grants excluded from the calculation of diluted earnings per share was 485,129. Performance-based stock options are omitted from the calculation of diluted earnings per share until the performance criteria are probable of being achieved. The criterion was not yet probable of being achieved as of May 31, 2016 and 2015 for these performance-based stock options.