Note 21 - Unaudited Quarterly Financial Data

12 Months Ended

Aug. 31, 2018

Notes to Financial Statements

Quarterly Financial Information [Text Block]

21.

UNAUDITED QUARTERLY FINANCIAL DATA

The following table presents selected unaudited financial information for each of the quarterly periods in the years ended

August 

31,

2018

and

2017.

The results for any quarter are

not

necessarily indicative of future quarterly results and, accordingly, period-to-period comparisons should

not

be relied upon as an indication of future performance.

Fiscal 2018 (in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	329,141	$	335,231	$	339,911	$	345,861
Cost of services	$	161,524	$	163,232	$	165,073	$	169,467
Selling, general and administrative	$	78,519	$	76,514	$	81,573	$	88,038
Operating income	$	89,098	$	95,485	$	93,265	$	88,356
Net income	$	70,379	$	53,137	$	74,746	$	68,823
Diluted EPS (1)	$	1.77	$	1.33	$	1.91	$	1.77
Diluted weighted average common shares		39,680		39,846		39,104		38,879

Fiscal 2017 (in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenues	$	288,063	$	294,354	$	312,120	$	326,642
Cost of services	$	127,250	$	131,635	$	146,426	$	161,269
Selling, general and administrative	$	70,494	$	70,973	$	78,052	$	82,945
Operating income	$	90,319	$	91,746	$	87,642	$	82,428
Net income	$	66,583	$	66,710	$	65,414	$	59,552
Diluted EPS (1)	$	1.66	$	1.68	$	1.66	$	1.52
Diluted weighted average common shares		40,100		39,700		39,457		39,281

( 1 )   Diluted earnings per common share is calculated independently for each of the periods presented. Accordingly, the sum of the quarterly EPS amounts may not equal the total for the fiscal year.