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Note 21 - Unaudited Quarterly Financial Data

12 Months Ended

Aug. 31, 2019

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, 2019 and 2018. 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 2019 (in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	351,640	$	354,895	$	364,533	$	364,283
Cost of services	$	166,776	$	165,108	$	163,832	$	167,730
Selling, general and administrative	$	84,325	$	81,099	$	83,461	$	84,985
Operating income	$	100,539	$	108,688	$	117,240	$	111,568
Net income	$	84,296	$	84,702	$	92,265	$	91,527
Diluted EPS⁽¹⁾	$	2.17	$	2.19	$	2.37	$	2.34
Diluted weighted average common shares		38,809		38,619		38,993		39,056

Fiscal 2018 (in thousands, except per share data)	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
Revenue	$	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

⁽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.