Earnings Per Share

3 Months Ended

Nov. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Our outstanding shares consist of Apollo Class A and Class B common stock. Our Articles of Incorporation treat the declaration of dividends on the Class A and Class B common stock in an identical manner. As such, both the Class A and Class B common stock are included in the calculation of our earnings per share.

Diluted weighted average shares outstanding includes the incremental effect of shares that would be issued upon the assumed exercise of stock options and the vesting and release of restricted stock units and performance share awards. The components of basic and diluted earnings per share are as follows:

	Three Months Ended November 30,
(In thousands, except per share data)	2014		2013
Numerator:
Net income attributable to Apollo (basic and diluted)	$	33,785	$	98,891
Denominator:
Basic weighted average shares outstanding	108,581		113,326
Dilutive effect of restricted stock units and performance share awards	618		44
Dilutive effect of stock options	179		590
Diluted weighted average shares outstanding	109,378		113,960
Basic income per share attributable to Apollo	$	0.31	$	0.87
Diluted income per share attributable to Apollo	$	0.31	$	0.87
Anti-dilutive securities excluded from diluted earnings per share:
Anti-dilutive restricted stock units and performance share awards outstanding	316		1,012
Anti-dilutive stock options outstanding	2,476		3,240