NOTE 9—EARNINGS PER COMMON SHARE:
The following table sets forth the computation of basic and diluted earnings per common share for the periods indicated:
|
|
Three Months Ended |
|
|
|
|
February 29, 2020 |
|
|
February 28, 2019 |
|
|
Basic earnings per common share: |
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
122,584 |
|
|
$ |
87,106 |
|
|
Less: net income allocated to participating securities(1) |
|
|
(1,487 |
) |
|
|
(789 |
) |
|
Net income attributable to common stockholders |
|
$ |
121,097 |
|
|
$ |
86,317 |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares - basic |
|
|
50,815 |
|
|
|
50,706 |
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per common share |
|
$ |
2.38 |
|
|
$ |
1.70 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share: |
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
122,584 |
|
|
$ |
87,106 |
|
|
Less: net income allocated to participating securities(1) |
|
|
(1,478 |
) |
|
|
(786 |
) |
|
Net income attributable to common stockholders |
|
$ |
121,106 |
|
|
$ |
86,320 |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares - basic |
|
|
50,815 |
|
|
|
50,706 |
|
|
Effect of dilutive securities: |
|
|
|
|
|
|
|
|
|
Stock options and restricted stock units |
|
|
417 |
|
|
|
221 |
|
|
Weighted-average number of common shares - diluted |
|
|
51,232 |
|
|
|
50,927 |
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per common share |
|
$ |
2.36 |
|
|
$ |
1.69 |
|
|
Anti-dilutive shares excluded from diluted earnings per share calculation |
|
|
15 |
|
|
|
151 |
|
|
|
(1) |
Restricted stock awards granted to employees by the Company are considered participating securities. |
|