Schedule of Earnings Per Share, Basic and Diluted |
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
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Three Months Ended May 31, |
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Nine Months Ended May 31, |
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2024 |
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2023 |
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2024 |
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2023 |
Numerator: |
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Net earnings from continuing operations |
$ |
22,621 |
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$ |
16,976 |
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$ |
58,798 |
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$ |
30,544 |
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Net earning (loss) from discontinued operations |
3,157 |
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(4,596) |
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2,535 |
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(6,214) |
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Net earnings |
$ |
25,778 |
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$ |
12,380 |
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$ |
61,333 |
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$ |
24,330 |
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Denominator: |
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Weighted average common shares outstanding - basic |
54,292 |
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57,052 |
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54,344 |
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56,993 |
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Net effect of dilutive securities - stock based compensation plans |
534 |
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380 |
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496 |
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424 |
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Weighted average common shares outstanding - diluted |
54,826 |
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57,432 |
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54,840 |
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57,417 |
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Earnings per share from continuing operations: |
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Basic |
$ |
0.42 |
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$ |
0.30 |
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$ |
1.08 |
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$ |
0.54 |
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Diluted |
$ |
0.41 |
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$ |
0.30 |
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$ |
1.07 |
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$ |
0.53 |
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Earnings (Loss) per share from discontinued operations: |
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Basic |
$ |
0.06 |
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$ |
(0.08) |
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$ |
0.05 |
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$ |
(0.11) |
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Diluted |
$ |
0.06 |
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$ |
(0.08) |
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$ |
0.05 |
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$ |
(0.11) |
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Earnings per share:* |
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Basic |
$ |
0.47 |
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$ |
0.22 |
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$ |
1.13 |
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$ |
0.43 |
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Diluted |
$ |
0.47 |
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$ |
0.22 |
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$ |
1.12 |
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$ |
0.42 |
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Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation) |
1 |
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397 |
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128 |
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1,067 |
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*The total of Earnings per share from continuing operations and Loss per share from discontinued operations may not equal Earnings per share due to rounding. |
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