Earnings Per Share

9 Months Ended

Aug. 31, 2011

Earnings Per Share

3. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended August 31, 2010 and 2011 (in thousands, except share and per share amounts):

	Three Months Ended				Nine Months Ended
	August 31, 2010		August 31, 2011		August 31, 2010			August 31, 2011
Basic and diluted:
Income from continuing operations	$	3,609	$	9,650	$	39,358		$	42,958
Loss from discontinued operations		—		—		(47	)		—
Net income	$	3,609	$	9,650	$	39,311		$	42,958
Basic earnings per share denominator:
Weighted average shares outstanding		48,164,600		47,520,734		48,194,160			47,781,307
Basic earnings per share:
Income from continuing operations	$	0.08	$	0.20	$	0.82		$	0.90
Loss from discontinued operations		—		—		0.00			—
Net income	$	0.08	$	0.20	$	0.82		$	0.90
Diluted earnings per share denominator:
Weighted average shares outstanding		48,164,600		47,520,734		48,194,160			47,781,307
Common stock options		4,106		10,976		2,355			9,311
Diluted weighted average shares outstanding		48,168,706		47,531,710		48,196,515			47,790,618
Diluted earnings per share:
Income from continuing operations	$	0.08	$	0.20	$	0.82		$	0.90
Loss from discontinued operations		—		—		0.00			—
Net income	$	0.08	$	0.20	$	0.82		$	0.90
Anti-dilutive shares excluded in the computation of diluted earnings per share		275,572		250,476		269,020			258,579