Share Repurchase Program

3 Months Ended

Nov. 30, 2013

Share Repurchase Program [Abstract]

Share Repurchase Program

3.Share Repurchase Program

In August 2013, the Company’s Board of Directors extended the share repurchase program authorizing the Company to purchase up to $40 million of its outstanding shares of common stock through August 31, 2014.  During the first three months of fiscal year 2014, approximately 0.4 million shares were acquired pursuant to this program for a total cost of $7.5 million.  The total remaining amount authorized, as of November 30, 2013, was $32.5 million.  Share repurchases may be made from time to time in the open market or in negotiated transactions, depending on share price, market conditions and other factors.  The share repurchase program may be extended, modified, suspended or discontinued at any time.