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Share Repurchase Plan
3 Months Ended
Nov. 30, 2021
Share Repurchase Plan [Abstract]  
Share Repurchase Plan Note 8. Share Repurchase Plan On October 12, 2021, the Company’s Board of Directors approved a new share buy-back plan. Under the plan, which became effective on November 1, 2021, the Company is authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2023. The timing and amount of repurchases are based on terms and conditions as may be acceptable to the Company’s Chief Executive Officer and Chief Financial Officer, subject to present loan covenants and in compliance with all laws and regulations applicable thereto. During the period from November 1, 2021 through November 30, 2021, the Company repurchased 32,000 shares at an average price of $230.79 per share, for a total cost of $7.4 million under this $75.0 million plan.