XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
 9 Months Ended
May 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

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

 
Three months ended
May 31,
 
Nine months ended
May 31,

 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
21,576

 
$
18,751

 
$
52,613

 
$
42,832


 
 

 
 

 
 

 
 

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding– basic
 
36,924

 
42,402

 
38,178

 
43,972

Effect of dilutive employee stock options and unvested restricted stock units
 
392

 
691

 
455

 
757

Weighted average common shares outstanding – diluted
 
37,316

 
43,093

 
38,633

 
44,729


 
 

 
 

 
 

 
 

Net income per common share – basic
 
$
0.58

 
$
0.44

 
$
1.38

 
$
0.97

Net income per common share – diluted
 
$
0.58

 
$
0.44

 
$
1.36

 
$
0.96


 
 

 
 

 
 

 
 

Anti-dilutive securities excluded (1)
 
1,898

 
1,362

 
1,534

 
1,095

__________________
(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.