Earnings Per Share

6 Months Ended

May. 31, 2015

The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended May 31, 2014 and 2015 (in thousands, except share and per share amounts):



	Three Months Ended				Six Months Ended
	May 31, 2014		May 31, 2015		May 31, 2014		May 31, 2015
Numerator:
Net income	$	21,469	$	13,355	$	41,364	$	28,308
Denominator:
Weighted average shares outstanding	46,535,179		46,603,052		46,525,303		46,593,547
Effect of dilutive securities	13,664		15,281		14,243		14,122
Diluted weighted average shares outstanding	46,548,843		46,618,333		46,539,546		46,607,669

Basic and diluted earnings per share	$	0.46	$	0.29	$	0.89	$	0.61

Anti-dilutive shares excluded in the computation of diluted earnings per share	126,116		104,150		131,251		104,525