| 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 May 31, |
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Nine Months Ended May 31, |
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2012 |
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2011 |
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2012 |
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2011 |
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Numerator:
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Net earnings from
continuing operations
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$ |
34,401 |
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$ |
38,360 |
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$ |
103,750 |
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$ |
87,163 |
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Plus: 2% Convertible Notes
financings costs, net of taxes
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(468 |
) |
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383 |
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425 |
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1,222 |
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Net earnings for diluted
earnings per share
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$ |
33,933 |
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$ |
38,743 |
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$ |
104,175 |
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$ |
88,385 |
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Denominator:
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Weighted average common
shares outstanding for basic earnings per share
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71,083 |
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68,354 |
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69,184 |
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68,208 |
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Net effect of dilutive
securities—equity based compensation plans
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1,310 |
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1,250 |
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1,053 |
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1,145 |
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Net effect of 2%
Convertible Notes based on the if-converted method
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2,978 |
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5,967 |
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4,964 |
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5,961 |
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Weighted average common and
equivalent shares outstanding for diluted earnings per
share
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75,371 |
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75,571 |
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75,201 |
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75,314 |
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Basic Earnings Per
Share:
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$ |
0.48 |
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$ |
0.56 |
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$ |
1.50 |
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$ |
1.28 |
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Diluted Earnings Per
Share:
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$ |
0.45 |
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$ |
0.51 |
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$ |
1.39 |
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$ |
1.17 |
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Anti-dilutive
securities—equity based compensation plans
(excluded from earnings per share calculation)
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2,173 |
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1,863 |
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2,735 |
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2,295 |
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