Capital Stock and Share Repurchase

6 Months Ended

Feb. 28, 2026

Note 9. Earnings per Share

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 33,436,688 shares of common stock for $973.5 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. This new program took immediate effect, and replaced the prior share repurchase program that had been authorized in March 2022. The Company repurchased and retired 1,655,307 shares or $65.9 million in the six months ended February 28, 2026 under the October 2025 authorization and 329,527 shares for $14.6 million in the six months ended February 28, 2025 under the previous authorization. At February 28, 2026, the maximum value of shares that may yet be purchased under the program is $134.8 million.

The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):


	Three Months Ended February 28,				Six Months Ended February 28,
	2026		2025		2026		2025
Numerator:


Net earnings	$	16,308	$	20,901	$	35,439	$	42,624

Denominator:
Weighted average common shares outstanding - basic	51,880		54,397		52,430		54,319
Net effect of dilutive securities - stock based compensation plans	420		411		394		491
Weighted average common shares outstanding - diluted	52,300		54,808		52,824		54,810









Earnings per share:
Basic	$	0.31	$	0.38	$	0.68	$	0.78
Diluted	$	0.31	$	0.38	$	0.67	$	0.78

Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	56		192		107		121