| Earnings Per Share |
Note 11. Earnings Per Share
The reconciliations between basic and diluted earnings per share from continuing operations are 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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2011 |
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2010 |
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2011 |
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2010 |
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Numerator:
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Earnings from continuing operations
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$ |
38,360 |
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$ |
28,293 |
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$ |
87,163 |
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$ |
49,448 |
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Plus: 2% Convertible Notes financings costs, net of income taxes
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383 |
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477 |
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1,222 |
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1,421 |
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Earnings for diluted earnings per share
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$ |
38,743 |
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$ |
28,770 |
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$ |
88,385 |
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$ |
50,869 |
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Denominator:
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Weighted average common shares outstanding for basic earnings per share
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68,354 |
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67,642 |
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68,208 |
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67,593 |
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Net effect of dilutive securities - equity based compensation plans
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1,250 |
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842 |
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1,145 |
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658 |
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Net effect of 2% Convertible Notes based on the if-converted method
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5,967 |
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5,905 |
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5,961 |
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5,905 |
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Weighted average common and equivalent shares outstanding for diluted earnings per share
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75,571 |
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74,389 |
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75,314 |
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74,156 |
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Basic Earnings Per Share:
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$ |
0.56 |
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$ |
0.42 |
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$ |
1.28 |
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$ |
0.73 |
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Diluted Earnings Per Share:
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$ |
0.51 |
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$ |
0.39 |
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$ |
1.17 |
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$ |
0.69 |
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Anti-dilutive securities - equity based compensation plans (excluded from earnings per share calculation)
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1,863 |
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3,912 |
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2,295 |
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4,363 |
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