Net Earnings Per Share (Tables)

12 Months Ended

Aug. 31, 2020

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Earnings Per Share

The following table shows the computation of basic and diluted net earnings per share for fiscal 2020, 2019, and 2018:

	For the years ended August 31,
($ and shares in thousands, except per share amounts)	2020		2019		2018
Numerator:
Net earnings	$	38,629	$	2,172	$	20,277
Denominator:
Weighted average shares outstanding		10,823		10,781		10,741
Diluted effect of stock equivalents		38		29		31
Weighted average shares outstanding assuming dilution		10,861		10,810		10,772
Basic net earnings per share	$	3.57	$	0.20	$	1.89
Diluted net earnings per share	$	3.56	$	0.20	$	1.88

Schedule of Anti-dilutive Securities Excluded from Computation of Earnings Per Share

The following table shows the securities excluded from the computation of earnings per share because their effect would have been anti-dilutive:

	For the years ended August 31,
(Units and options in thousands)	2020		2019		2018
Restricted stock units		6		8		19
Stock options		34		72		65
Performance stock units		—		5		—