11.

COMMON STOCK AND EARNINGS PER SHARE

May

17,

2019,

FactSet’s Board of Directors approved a regular quarterly dividend of

$0.72

per share. The cash dividend of

$27.5

million was paid on

June

18,

2019

to common stockholders of record at the close of business on

May

31,

2019.

Shares of common stock outstanding were as follows:

	Nine Months Ended May 31,
(in thousands)	2019			2018
Balance, beginning of year at September 1, 2018 and 2017, respectively		38,192			39,023
Common stock issued for employee stock plans		719			572
Repurchase of common stock from employees (1)		(28	)		(5	)
Repurchase of common stock under the share repurchase program		(665	)		(1,205	)
Balance at May 31, 2019 and 2018, respectively		38,218			38,385

(

)

For the

nine

months ended

May

31,

2019

and

2018,

the Company

repurchased

27,852

and

5,563

shares, or

$6.2

million and

$1.0

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, 2019
Basic EPS
Income available to common stockholders	$	92,265		38,223	$	2.41
Diluted EPS
Dilutive effect of stock options and restricted stock				770
Income available to common stockholders plus assumed conversions	$	92,265		38,993	$	2.37
For the three months ended May 31, 2018
Basic EPS
Income available to common stockholders	$	74,746		38,594	$	1.94
Diluted EPS
Dilutive effect of stock options and restricted stock				510
Income available to common stockholders plus assumed conversions	$	74,746		39,104	$	1.91
For the nine months ended May 31, 2019
Basic EPS
Income available to common stockholders	$	261,263		38,128	$	6.85
Diluted EPS
Dilutive effect of stock options and restricted stock				679
Income available to common stockholders plus assumed conversions	$	261,263		38,807	$	6.73
For the nine months ended May 31, 2018
Basic EPS
Income available to common stockholders	$	198,262		38,890	$	5.10
Diluted EPS
Dilutive effect of stock options and restricted stock				653
Income available to common stockholders plus assumed conversions	$	198,262		39,543	$	5.01

Dilutive potential common shares consist of stock options and unvested restricted stock awards. There were

1,810

stock options excluded from the calculation of diluted EPS for the

three

and

nine

months ended

May

31,

2019,

because their inclusion would have been anti-dilutive. There were

stock options or unvested restricted stock awards excluded from the calculation of diluted EPS for the

three

and

nine

months ended

May

31,

2018.

Performance-based stock options are omitted from the calculation of diluted EPS until the performance criteria is probable of being achieved. For the

three

and

nine

months ended

May

31,

2019,

the number of performance-based stock option grants excluded from the calculation of diluted EPS was

206,417.

For the

three

and

nine

months ended

May

31,

2018,

the number of performance-based stock option grants excluded from the calculation of diluted EPS was

249,443.