Earnings Per Share

3 Months Ended

Feb. 29, 2012

Earnings Per Share [Abstract]

Earnings Per Share

Note 14: Earnings Per Share

We compute basic earnings per share using the weighted average number of common shares outstanding. We compute diluted earnings per share using the weighted average number of common shares outstanding plus the effect of outstanding dilutive stock options, restricted stock units and deferred stock units, using the treasury stock method. The following table sets forth the calculation of basic and diluted earnings per share on an interim basis (in thousands, expect per share data):

	Three Months Ended
	February 29, 2012		February 28, 2011
Net income	$	7,489	$	20,521
Weighted average shares outstanding		62,145		66,986
Dilutive impact from common stock equivalents		985		2,673
Diluted weighted average shares outstanding		63,130		69,659
Basic earnings per share	$	0.12	$	0.31
Diluted earnings per share	$	0.12	$	0.29

We excluded stock awards representing approximately 4,319,000 shares and 291,000 shares of common stock from the calculation of diluted earnings per share in the first quarter of fiscal 2012 and 2011, respectively, because these awards were anti-dilutive.