Schedule of Basic and Diluted Earnings Per Common Share |
The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:
|
|
Fiscal Years Ended November 30, |
|
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
|
|
|
|
|
(As adjusted) |
|
|
(As adjusted) |
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
500,712 |
|
|
$ |
299,981 |
|
|
$ |
300,240 |
|
Less: net income allocated to participating securities(1) |
|
|
(4,593 |
) |
|
|
(2,728 |
) |
|
|
(2,782 |
) |
Net income attributable to common stockholders |
|
$ |
496,119 |
|
|
$ |
297,253 |
|
|
$ |
297,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares - basic |
|
|
50,669 |
|
|
|
41,215 |
|
|
|
39,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share |
|
$ |
9.79 |
|
|
$ |
7.21 |
|
|
$ |
7.52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
500,712 |
|
|
$ |
299,981 |
|
|
$ |
300,240 |
|
Less: net income allocated to participating securities(1) |
|
|
(4,573 |
) |
|
|
(2,716 |
) |
|
|
(2,770 |
) |
Net income attributable to common stockholders |
|
$ |
496,139 |
|
|
$ |
297,265 |
|
|
$ |
297,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares - basic |
|
|
50,669 |
|
|
|
41,215 |
|
|
|
39,556 |
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
|
|
|
Stock options and restricted stock units |
|
|
267 |
|
|
|
236 |
|
|
|
202 |
|
Weighted-average number of common shares - diluted |
|
|
50,936 |
|
|
|
41,451 |
|
|
|
39,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
9.74 |
|
|
$ |
7.17 |
|
|
$ |
7.48 |
|
Anti-dilutive shares excluded from diluted earnings per share calculation |
|
|
108 |
|
|
|
97 |
|
|
|
14 |
|
|
(1) |
Restricted stock awards granted to employees by the Company are considered participating securities. |
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