EARNINGS PER SHARE

6 Months Ended

Feb. 29, 2012

NOTE 4 - EARNINGS PER SHARE

The Company presents basic and diluted Earnings Per Share ("EPS") using the two class method. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders and that determines basic income per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings that would have been available to common stockholders. A participating security is defined as a security that may participate in undistributed earnings with common stock. The Company's capital structure includes securities that participate with common stock on a one for one basis for distribution of dividends. These are the restricted stock awards and restricted stock units authorized within the Company's 1998, 2001 and 2002 Equity Participation Plans. In addition, the Company determines the diluted income per share by excluding the basic weighted average of stock options outstanding from the shares used in the per share computation.

The following table sets forth the computation of net income per share for the three and six months ended February 29, 2012 and February 28, 2011 (in thousands, except per share amounts):

	Three Months Ended						Six Months Ended
	February 29, 2012			February 28, 2011			February 29, 2012			February 28, 2011
Net income from continuing operations	$	20,217		$	18,010		$	34,213		$	32,856
Less: Earnings and dividends allocated to unvested stockholders		(399	)		(239	)		(620	)		(371	)
Dividend distribution to common stockholders		(17,745	)		(17,691	)		(17,745	)		(17,691	)
Basic undistributed net earnings available to common stockholders from continuing operations		2,073			80			15,848			14,794
Add: Net undistributed earnings allocated and reallocated to unvested stockholders (two-class method) and dividend distribution	$	17,745		$	17,691		$	17,745		$	17,691
Net earnings available to common stockholders from continuing operations	$	19,818		$	17,771		$	33,593		$	32,485
Net earnings (loss) available to common stockholders from discontinued operations		3			(93	)		(4	)		(86	)
Basic weighted average shares outstanding		29,541			29,414			29,522			29,385
Add dilutive effect of stock options (two-class method)		12			9			13			7
Diluted average shares outstanding		29,553			29,423			29,535			29,392
Basic income per share from continuing operations	$	0.67		$	0.60		$	1.14		$	1.11
Diluted income per share from continuing operations	$	0.67		$	0.60		$	1.14		$	1.11
Basic income (loss) per share from discontinued operations	$	0.00		$	0.00		$	0.00		$	0.00
Diluted income (loss) per share from discontinued operations	$	0.00		$	0.00		$	0.00		$	0.00

Income from continuing operations		20,217			18,010			34,213			32,856
Income (loss) from discontinued operations, net of tax		3			(93	)		(4	)		(86	)
Net income		20,220			17,917			34,209			32,770