EARNINGS PER SHARE ATTRIBUTABLE TO CMC

12 Months Ended

Aug. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE ATTRIBUTABLE TO CMC

NOTE 20. EARNINGS PER SHARE ATTRIBUTABLE TO CMC

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

	August 31,
	2016		2015		2014
Earnings from continuing operations	$	72,543	$	99,131	$	117,606
Basic earnings per share:
Shares outstanding for basic earnings per share	115,211,490		116,527,265		117,496,270
Basic earnings per share from continuing operations attributable to CMC	$	0.63	$	0.85	$	1.00
Diluted earnings per share:
Shares outstanding for basic earnings per share	115,211,490		116,527,265		117,496,270
Effect of dilutive securities:
Stock-based incentive/purchase plans	1,412,336		1,422,633		1,110,836
Shares outstanding for diluted earnings per share	116,623,826		117,949,898		118,607,106
Diluted earnings per share from continuing operations attributable to CMC	$	0.62	$	0.84	$	0.99
Anti-dilutive shares not included above	274,251		371,273		679,916

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.