Common Stock and Earnings Per Share (Tables)

6 Months Ended

Feb. 29, 2020

Shares of common stock outstanding were as follows:


	Six Months Ended
	February 29,	February 28,
(in thousands)	2020	2019
Balance, beginning of year at September 1, 2019 and 2018, respectively	38,118	38,192
Common stock issued for employee stock plans	348	426
Repurchase of common stock from employees⁽¹⁾	(6)	(28)
Repurchase of common stock under the share repurchase program	(611)	(490)
Balance at February 29, 2020 and February 28 2019, respectively	37,849	38,100

(1)For the six months ended February 29, 2020 and February 28, 2019, the Company repurchased 6,252 and 27,852 shares, or $1.6 million and $6.1 million of common stock, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock and exercise of stock options

Schedule of weighted average number of shares

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share ("EPS") computations is as follows:


(in thousands, except per share data)	Net Income (Numerator)		Weighted Average Common Shares (Denominator)	Per Share Amount
For the three months ended February 29, 2020
Basic EPS
Income available to common stockholders	$	88,686	37,875	$	2.34
Diluted EPS
Dilutive effect of stock options and restricted stock			701
Income available to common stockholders plus assumed conversions	$	88,686	38,576	$	2.30
For the three months ended February 28, 2019
Basic EPS
Income available to common stockholders	$	84,702	38,055	$	2.23
Diluted EPS
Dilutive effect of stock options and restricted stock			564
Income available to common stockholders plus assumed conversions	$	84,702	38,619	$	2.19
For the six months ended February 29, 2020
Basic EPS
Income available to common stockholders	$	182,643	37,927	$	4.82
Diluted EPS
Dilutive effect of stock options and restricted stock			655
Income available to common stockholders plus assumed conversions	$	182,643	38,582	$	4.73
For the six months ended February 28, 2019
Basic EPS
Income available to common stockholders	$	168,998	38,081	$	4.44
Diluted EPS
Dilutive effect of stock options and restricted stock			633
Income available to common stockholders plus assumed conversions	$	168,998	38,714	$	4.37

- Definition

Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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