| Earnings Per Share |
Note 9. Earnings Per Share
The reconciliations between basic and diluted earnings per share are as follows (in thousands, except per share amounts):
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Three Months Ended |
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Six Months Ended |
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February 29,
2012 |
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February 28,
2011 |
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February 29,
2012 |
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February 28,
2011 |
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Numerator:
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Net earnings from continuing operations
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$ |
32,175 |
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$ |
22,142 |
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$ |
69,349 |
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$ |
48,803 |
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Plus: 2% Convertible Notes financings costs, net of taxes
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383 |
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383 |
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893 |
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839 |
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Net earnings for diluted earnings per share
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$ |
32,558 |
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$ |
22,525 |
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$ |
70,242 |
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$ |
49,642 |
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Denominator:
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Weighted average common shares outstanding for basic earnings per share
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68,064 |
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68,270 |
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68,242 |
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68,135 |
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Net effect of dilutive securities - equity based compensation plans
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1,084 |
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1,257 |
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925 |
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1,093 |
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Net effect of 2% Convertible Notes based on the if-converted method
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5,957 |
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5,968 |
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5,957 |
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5,958 |
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Weighted average common and equivalent shares outstanding for diluted earnings per share
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75,105 |
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75,495 |
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75,124 |
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75,186 |
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Basic Earnings Per Share:
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$ |
0.47 |
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$ |
0.32 |
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$ |
1.02 |
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$ |
0.72 |
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Diluted Earnings Per Share:
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$ |
0.43 |
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$ |
0.30 |
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$ |
0.94 |
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$ |
0.66 |
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Anti-dilutive securities-equity based compensation plans
(excluded from earnings per share calculation)
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2,175 |
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1,825 |
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3,016 |
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2,511 |
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