EARNINGS PER SHARE

12 Months Ended

Aug. 31, 2020

NOTE 18. EARNINGS PER SHARE

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


	Year Ended August 31,
	2020		2019		2018
Earnings from continuing operations	$	278,302	$	198,779	$	135,237

Basic earnings per share:
Shares outstanding for basic earnings per share	118,921,854		117,834,558		116,822,583

Basic earnings per share from continuing operations	$	2.34	$	1.69	$	1.16

Diluted earnings per share:
Shares outstanding for basic earnings per share	118,921,854		117,834,558		116,822,583
Effect of dilutive securities:
Stock-based incentive/purchase plans	1,387,767		1,290,070		1,323,265
Shares outstanding for diluted earnings per share	120,309,621		119,124,628		118,145,848

Diluted earnings per share from continuing operations	$	2.31	$	1.67	$	1.14

Anti-dilutive shares not included in the table above were immaterial for all periods presented. Shares of the Company's restricted stock are 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.