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Earnings Per Share
 9 Months Ended
May 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

2.Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

May 31,

 

May 31,

 

 

2014

 

2013

 

2014

 

2013

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$
16,776 

 

$
14,793 

 

$
29,091 

 

$
24,503 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding– basic

 

 
54,382 

 

 
56,005 

 

 
55,544 

 

 
56,492 

Effect of dilutive employee stock options and

 

 

 

 

 

 

 

 

 

 

 

 

unvested restricted stock units

 

 
1,371 

 

 
840 

 

 
1,476 

 

 
626 

Weighted average common shares – diluted

 

 
55,753 

 

 
56,845 

 

 
57,020 

 

 
57,118 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per common share – basic

 

$
0.31 

 

$
0.26 

 

$
0.52 

 

$
0.43 

Net income per common share – diluted

 

$
0.30 

 

$
0.26 

 

$
0.51 

 

$
0.43 

 

 

 

 

 

 

 

 

 

 

 

 

 

Anti-dilutive securities excluded(1)

 

 
1,025 

 

 
3,327 

 

 
1,036 

 

 
3,877 

—————————

 

 

 

 

 

 

(1)    Anti-dilutive securities consist of stock options and unvested restricted stock units that were not included in the computation of diluted earnings per share because either the exercise price of the options was greater than the average market price of the common stock or the total assumed proceeds under the treasury stock method resulted in negative incremental shares and thus the inclusion would have been anti-dilutive.