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