Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE (Tables)

v3.21.1
EARNINGS PER SHARE (Tables)
 6 Months Ended
Feb. 28, 2021
EARNINGS PER SHARE [Abstract]  
Earnings per Share
Certain outstanding options are excluded from the diluted earnings per share calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). The options excluded totaled 0 and 130,000 for the three and six months ended February 28, 2021. There were no excluded options for the three and six months ended February 29, 2020.

   
Three Months Ended
    
Six Months Ended
  
   
February 28,
2021
    
February 29,
2020
    
February 28,
2021
    
February 29,
2020
  
   
(In thousands, except share and per share amounts)
  
Net income
  
$
17,352
    
$
274
    
$
18,197
    
$
6,037
  
Basic weighted average common shares
    
23,881,655
      
23,846,265
      
23,874,198
      
23,836,431
  
Effect of dilutive securities
    
210,693
      
263,273
      
190,216
      
243,685
  
Weighted average shares applicable to diluted    earnings per share
    
24,092,349
      
24,109,538
      
24,064,414
      
24,080,116
  
Earnings per share - basic
  
$
0.73
    
$
0.01
    
$
0.76
    
$
0.25
  
Earnings per share - diluted
  
$
0.72
    
$
0.01
    
$
0.76
    
$
0.25