Net Income Per Share

9 Months Ended

May 31, 2023

Note 10 - Net Income Per Share

The following table sets forth the information used to compute basic and diluted net income per share attributable to SSI shareholders (in thousands):


	Three Months Ended May 31,						Nine Months Ended May 31,
	2023			2022			2023			2022
Income from continuing operations	$	13,841		$	75,550		$	402		$	160,991
Net (income) attributable to noncontrolling interests		(148	)		(870	)		(299	)		(2,497	)
Income from continuing operations attributable to SSI shareholders	$	13,693		$	74,680		$	103		$	158,494
Loss from discontinued operations, net of tax		(233	)		(46	)		(78	)		(46	)
Net income attributable to SSI shareholders	$	13,460		$	74,634		$	25		$	158,448
Computation of shares:
Weighted average common shares outstanding, basic		28,114			28,143			27,980			28,161
Incremental common shares attributable to dilutive performance share awards, restricted stock units and deferred stock units		545			1,482			666			1,580
Weighted average common shares outstanding, diluted		28,659			29,625			28,646			29,741

Common stock equivalent shares of 54,512 and 52,258 were considered antidilutive and were excluded from the calculation of diluted net income per share for the three and nine months ended May 31, 2023, respectively, compared to 47,095 and 172,288 three and nine months ended May 31, 2022, respectively.