Earnings Per Share

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

 
Three months ended
November 30,

 
2017
 
2016
Numerator:
 
 
 
 
Net income
 
$
11,430

 
$
13,118


 
 

 
 

Denominator:
 
 

 
 

Weighted average common shares outstanding– basic
 
39,327

 
45,720

Effect of dilutive employee stock options and unvested restricted stock units
 
558

 
823

Weighted average common shares outstanding – diluted
 
39,885

 
46,543


 
 

 
 

Net income per common share – basic
 
$
0.29

 
$
0.29

Net income per common share – diluted
 
$
0.29

 
$
0.28


 
 

 
 

Anti-dilutive securities excluded (1)
 
1,288

 
821

__________________
(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:

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