Earnings per Common Share

12 Months Ended

Aug. 31, 2025

The table below reconciles net income to net income available to common stockholders (in thousands):


	Fiscal Year Ended August 31,
	2025		2024		2023
Net income	$	90,994	$	69,644	$	65,993
Less: Net income allocated to participating securities	(260)		(246)		(272)
Net income available to common stockholders	$	90,734	$	69,398	$	65,721

The table below summarizes the weighted-average number of common shares outstanding included in the calculation of basic and diluted EPS (in thousands):


	Fiscal Year Ended August 31,
	2025	2024	2023
Weighted-average common shares outstanding, basic	13,544	13,554	13,578
Weighted-average dilutive securities	23	26	26
Weighted-average common shares outstanding, diluted	13,567	13,580	13,604

For the fiscal years ended August 31, 2025, 2024 and 2023, weighted-average stock-based equity awards outstanding that are non-participating securities in the amount of 8,705, 1,351 and 4,551, respectively, were excluded from the calculation of diluted EPS under the treasury stock method as they were anti-dilutive.

WD 40 CO 10-K