Earnings Per Share

6 Months Ended

May 31, 2013

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Earnings Per Share

Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended May 31, 2012 and 2013 (in thousands, except share and per share amounts):

	Three Months Ended				Six Months Ended
	May 31, 2012		May 31, 2013		May 31, 2012		May 31, 2013
Numerator:
Net income	$	13,740	$	22,440	$	30,879	$	35,953
Denominator:
Weighted average shares outstanding	46,306,147		46,446,993		46,348,345		46,435,289
Effect of dilutive securities	10,272		17,058		10,113		15,278
Diluted weighted average shares outstanding	46,316,419		46,464,051		46,358,458		46,450,567
Basic and diluted earnings per share	$	0.30	$	0.48	$	0.67	$	0.77
Anti-dilutive shares excluded in the computation of diluted earnings per share	232,488		215,246		238,192		219,699