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,

 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
 
Net income
 
$
18,751

 
$
15,353

 
$
42,832

 
$
38,630


 
 

 
 

 
 

 
 

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding– basic
 
42,402

 
48,377

 
43,972

 
49,192

Effect of dilutive employee stock options and unvested restricted stock units
 
691

 
949

 
757

 
1,021

Weighted average common shares outstanding – diluted
 
43,093

 
49,326

 
44,729

 
50,213


 
 

 
 

 
 

 
 

Net income per common share – basic
 
$
0.44

 
$
0.32

 
$
0.97

 
$
0.79

Net income per common share – diluted
 
$
0.44

 
$
0.31

 
$
0.96

 
$
0.77


 
 

 
 

 
 

 
 

Anti-dilutive securities excluded (1)
 
1,362

 
686

 
1,095

 
550

__________________
(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.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Sonic: Vice President Of Investor Relations - Jan. 16, 2018
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Sonic Corp. Just Filed Its Quarterly Report: Earnings Per ShareTh... - Jan. 8, 2018
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