Capital Stock and Share Repurchase

9 Months Ended

May 31, 2026

Earnings Per Share [Abstract]

Capital Stock and Share Repurchase

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 33,860,026 shares of common stock for $988.7 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 2,078,645 shares for $81.1 million in the nine months ended May 31, 2026 under the October 2025 authorization and 660,050 shares for $28.6 million in the nine months ended May 31, 2025 under the previous authorization. At May 31, 2026, the maximum value of shares that may yet be purchased under the program is $119.7 million.

The reconciliation between basic and diluted earnings per share is as follows:

(in thousands, except per share amounts)	Three Months Ended May 31,				Nine Months Ended May 31,
	2026		2025		2026		2025
Numerator:
Net earnings	$	29,798	$	22,044	$	65,238	$	64,668
Denominator:
Weighted average common shares outstanding - basic	51,316		54,051		52,059		54,230
Net effect of dilutive securities - stock based compensation plans	252		366		346		449
Weighted average common shares outstanding - diluted	51,568		54,417		52,405		54,679
Earnings per share:
Basic	$	0.58	$	0.41	$	1.25	$	1.19
Diluted	$	0.58	$	0.41	$	1.24	$	1.18
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)	301		188		172		143