XML 45 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
STOCKHOLDERS’ EQUITY AND EARNINGS PER SHARE ATTRIBUTABLE TO CMC (Tables)
6 Months Ended
Feb. 29, 2016
Earnings Per Share [Abstract]  
Calculations of the basic and diluted earnings per share from continuing operations
The calculations of basic and diluted earnings per share from continuing operations for the three and six months ended February 29, 2016 and February 28, 2015 were as follows: 
 
 
Three Months Ended
 
Six Months Ended
(in thousands, except share data)
 
February 29, 2016
 
February 28, 2015
 
February 29, 2016
 
February 28, 2015
Earnings from continuing operations attributable to CMC
 
$
10,849

 
$
13,465

 
$
36,482

 
$
47,730

 
 
 
 
 
 
 
 
 
Basic earnings per share:
 
 
 
 
 
 
 
 
       Shares outstanding for basic earnings per share
 
115,429,550

 
116,688,162

 
115,725,896

 
117,244,406

 
 
 
 
 
 
 
 
 
Basic earnings per share from continuing operations attributable to CMC
 
$
0.09

 
$
0.12

 
$
0.32

 
$
0.41

 
 
 
 
 
 
 
 
 
Diluted earnings per share:
 
 
 
 
 
 
 
 
       Shares outstanding for basic earnings per share
 
115,429,550

 
116,688,162

 
115,725,896

 
117,244,406

 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock-based incentive/purchase plans
 
1,078,041

 
995,314

 
1,276,926

 
1,151,438

Shares outstanding for diluted earnings per share
 
116,507,591

 
117,683,476

 
117,002,822

 
118,395,844

 
 
 
 
 
 
 
 
 
Diluted earnings per share from continuing operations attributable to CMC
 
$
0.09

 
$
0.11

 
$
0.31

 
$
0.40

 
 
 
 
 
 
 
 
 
Anti-dilutive shares not included above
 
714,342

 
854,703

 
714,342

 
623,042

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