Earnings Per Share

6 Months Ended

May 31, 2014

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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, 2013 and 2014 (in thousands, except share and per share amounts):

	Three Months Ended				Six Months Ended
	May 31, 2013		May 31, 2014		May 31, 2013		May 31, 2014
Numerator:
Net income	$	22,440	$	21,469	$	35,953	$	41,364
Denominator:
Weighted average shares outstanding	46,446,993		46,535,179		46,435,289		46,525,303
Effect of dilutive securities	17,058		13,664		15,278		14,243
Diluted weighted average shares outstanding	46,464,051		46,548,843		46,450,567		46,539,546
Basic and diluted earnings per share	$	0.48	$	0.46	$	0.77	$	0.89
Anti-dilutive shares excluded in the computation of diluted earnings per share	215,246		126,116		219,699		131,251