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Capital Stock and Share Repurchase
3 Months Ended
Nov. 30, 2025
Earnings Per Share [Abstract]  
Capital Stock and Share Repurchase
Note 9. Earnings per Share and Shareholders' Equity
The Company's Board of Directors has authorized the repurchase and immediate retirement of shares of the Company's common stock under publicly announced share repurchase and retirement programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 32,158,195 shares of common stock for $922.5 million. In October 2025, the Company's Board of Directors approved a new share repurchase program authorizing the repurchase of a total of $200 million dollars of the Company's outstanding common stock. The Company repurchased and retired 376,814 shares for $14.9 million in the three months ended November 30, 2025 and 109,860 shares for $4.4 million in the three months ended November 30, 2024. At November 30, 2025, the maximum value of shares that may yet be purchased under the program is $185.3 million.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 Three Months Ended November 30,
 20252024
Numerator:
Net earnings$19,131 $21,723 
Denominator:
Weighted average common shares outstanding - basic52,980 54,242 
Net effect of dilutive securities - stock based compensation plans368 570 
Weighted average common shares outstanding - diluted53,348 54,812 
Earnings per share:
Basic$0.36 $0.40 
Diluted$0.36 $0.40 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)158 49 
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2025 (in thousands):
 Common StockAdditional
Paid-in
Capital
Treasury
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Stock
Held in
Trust
Deferred
Compensation
Liability
Total
Shareholders’
Equity
 Issued
Shares
Amount
Balance at August 31, 202552,946 $10,589 $243,137 $— $284,102 $(104,134)$(3,542)$3,542 $433,694 
Net earnings— — — — 19,131 — — — 19,131 
Other comprehensive loss, net of tax— — — — — (4,617)— — (4,617)
Stock contribution to employee benefit plans and other132 — — — — — 133 
Vesting of equity awards185 37 (37)— — — — — — 
Cash dividend ($0.04 per share)— — — — (1)— — — (1)
Stock based compensation expense— — 2,975 — — — — — 2,975 
Stock option exercises16 405 — — — — — 408 
Tax effect related to net share settlement of equity awards— — (5,770)— — — — — (5,770)
Treasury stock repurchased and retired(377)(75)— — (14,824)— — — (14,899)
Balance at November 30, 202552,774 10,555 240,842 — 288,408 (108,751)(3,542)3,542 431,054 
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2024 (in thousands):
 Common StockAdditional
Paid-in
Capital
Treasury
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Stock
Held in
Trust
Deferred
Compensation
Liability
Total
Shareholders’
Equity
 Issued
Shares
Amount
Balance at August 31, 202454,235 $10,847 $235,660 $— $261,870 $(116,398)$(3,777)$3,777 $391,979 
Net earnings— — — — 21,723 — — — 21,723 
Other comprehensive income, net of tax— — — — — (9,676)— — (9,676)
Stock contribution to employee benefit plans and other— 91 — — — — — 91 
Vesting of equity awards186 37 (37)— — — — — — 
Cash dividend ($0.04 per share)— — — — — — — 
Stock based compensation expense— — 3,345 — — — — — 3,345 
Stock option exercises87 18 1,310 — — — — — 1,328 
Tax effect related to net share settlement of equity awards— — (6,405)— — — — — (6,405)
Stock issued to, acquired for and distributed from rabbi trust— — — — — — (3)— 
Treasury stock repurchased and retired(110)(22)— — (4,357)— — — (4,379)
Balance at November 30, 202454,400 10,880 233,964 — 279,239 (126,074)(3,774)3,774 398,009