Basic and diluted earnings per common share (“EPS”) are computed using the two-class method, which is an earnings allocation formula that determines EPS for each class of common stock and participating security.


	Three Months Ended				Six Months Ended
	May 31, 2026		May 31, 2025		May 31, 2026		May 31, 2025
Basic earnings per common share:
Net income	$	55,276	$	42,093	$	76,865	$	112,350
Less: net income allocated to participating securities (1)	(2,745)		(2,036)		(3,869)		(5,450)
Net income attributable to common stockholders	$	52,531	$	40,057	$	72,996	$	106,900

Weighted-average number of common shares - basic	60,850		63,355		61,062		63,693

Basic earnings per common share	$	0.86	$	0.63	$	1.20	$	1.68

Diluted earnings per common share:
Net income	$	55,276	$	42,093	$	76,865	$	112,350
Less: net income allocated to participating securities (1)	(2,745)		(2,035)		(3,869)		(5,448)
Net income attributable to common stockholders	$	52,531	$	40,058	$	72,996	$	106,902

Weighted-average number of common shares - basic	60,850		63,355		61,062		63,693
Effect of dilutive securities:
Stock options and certain restricted stock units	12		51		16		40
Weighted-average number of common shares - diluted	60,862		63,406		61,078		63,733

Diluted earnings per common share	$	0.86	$	0.63	$	1.20	$	1.68