Common Stock Repurchases

9 Months Ended

Aug. 31, 2017

Common Stock Repurchases [Abstract]

Common Stock Repurchases

Common Stock Repurchases

We repurchased and retired 0.6 million shares of our common stock for $19.0 million in the three months ended August 31, 2017 and 1.5 million shares for $43.9 million in the nine months ended August 31, 2017. In the three and nine months ended August 31, 2016, we repurchased and retired 0.4 million shares for $11.5 million and 2.8 million shares for $71.5 million, respectively. The shares were repurchased in all periods as part of our Board of Directors authorized share repurchase program.

In March 2016, our Board of Directors authorized a $100.0 million share repurchase program, which increased the total authorization to $214.5 million. As of August 31, 2017, there was $91.4 million remaining under this authorization. In September 2017, our Board of Directors increased the total share repurchase authorization from the $91.4 million remaining under the previous authorization to $250 million.