EARNINGS PER SHARE ATTRIBUTABLE TO CMC

12 Months Ended

Aug. 31, 2015

Earnings Per Share [Abstract]

EARNINGS PER SHARE ATTRIBUTABLE TO CMC

NOTE 19. EARNINGS PER SHARE ATTRIBUTABLE TO CMC

The calculations of basic and diluted earnings per share from continuing operations were as follows:

	August 31,
	2015		2014		2013
Earnings from continuing operations	$	161,322	$	109,091	$	104,723
Basic earnings per share:
Shares outstanding for basic earnings per share	116,527,265		117,496,270		116,677,836
Basic earnings per share from continuing operations attributable to CMC	$	1.39	$	0.93	$	0.90
Diluted earnings per share:
Shares outstanding for basic earnings per share	116,527,265		117,496,270		116,677,836
Effect of dilutive securities:
Stock-based incentive/purchase plans	1,422,633		1,110,836		875,116
Shares outstanding for diluted earnings per share	117,949,898		118,607,106		117,552,952
Diluted earnings per share from continuing operations attributable to CMC	$	1.37	$	0.92	$	0.89
Anti-dilutive shares not included above	371,273		679,916		1,492,206

_______________________

All stock options and stock appreciation rights expire during fiscal 2020.

The Company's restricted stock is included in the number of shares of common stock issued and outstanding, but omitted from the basic earnings per share calculation until the shares vest.