| Reconciliations between Basic and Diluted 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 |
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Nine Months Ended |
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May 31,
2013 |
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May 31,
2012 |
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May 31,
2013 |
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May 31,
2012 |
Numerator: |
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Earnings from continuing operations |
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$ |
46,077 |
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$ |
27,737 |
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$ |
102,462 |
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$ |
89,360 |
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Plus: 2% Convertible Notes financing costs, net of taxes |
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— |
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(468 |
) |
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— |
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|
425 |
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Earnings from continuing operations for diluted earnings per share |
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$ |
46,077 |
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$ |
27,269 |
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$ |
102,462 |
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$ |
89,785 |
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Denominator: |
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Weighted average common shares outstanding for basic earnings per share |
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73,133 |
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71,083 |
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72,957 |
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|
69,184 |
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Net effect of dilutive securities—stock based compensation plans |
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1,654 |
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1,310 |
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1,534 |
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|
1,053 |
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Net effect of 2% Convertible Notes based on the if-converted method |
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— |
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2,978 |
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— |
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4,964 |
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Weighted average common and equivalent shares outstanding for diluted earnings per share |
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74,787 |
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75,371 |
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74,491 |
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75,201 |
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Earnings per common share from continuing operations: |
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Basic |
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$ |
0.63 |
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$ |
0.39 |
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$ |
1.40 |
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$ |
1.29 |
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Diluted |
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$ |
0.62 |
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$ |
0.36 |
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$ |
1.38 |
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$ |
1.19 |
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Anti-dilutive securities-stock based compensation plans (excluded from earnings per share calculation) |
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656 |
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2,173 |
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|
735 |
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2,735 |
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