Shareholders' Equity and Redeemable Noncontrolling Interests

9 Months Ended

May 31, 2016

Equity [Abstract]

Shareholders' Equity and Redeemable Noncontrolling Interests

Shareholders’ Equity and Redeemable Noncontrolling Interests

Share Repurchases

Our Board of Directors has authorized us to repurchase outstanding shares of our Class A common stock from time to time depending on market conditions and other considerations. During fiscal year 2013, our Board of Directors authorized an increase in the amount available under our share repurchase program up to an aggregate amount of $250 million, of which $52.2 million remained available as of May 31, 2016. There is no expiration date on the repurchase authorizations and the amount and timing of future share repurchase authorizations and repurchases, if any, will be made as market and business conditions warrant. Repurchases occur at our discretion and may be made on the open market through various methods including but not limited to accelerated share repurchase programs, or in privately negotiated transactions, pursuant to the applicable Securities and Exchange Commission rules, and may include repurchases pursuant to Securities and Exchange Commission Rule 10b5-1 nondiscretionary trading programs. We are prohibited from repurchasing shares under the agreements associated with our pending merger, as described further in Note 1, Nature of Operations and Significant Accounting Policies.

We also repurchase shares in connection with tax withholding requirements associated with the release of vested share-based awards, which do not fall under the repurchase program described above.

The following summarizes our share repurchase activity for the respective periods:

	Three Months Ended May 31,				Nine Months Ended May 31,
(In thousands, except per share data)	2016		2015		2016		2015
Share repurchases under share repurchase program:
Number of shares repurchased	—		—		—		1,440
Weighted average purchase price per share	$	—	$	—	$	—	$	26.45
Cost of share repurchases	$	—	$	—	$	—	$	38,092
Share repurchases related to vesting of share-based awards:
Number of shares repurchased	13		22		91		109
Cost of share repurchases	$	106	$	382	$	732	$	2,608

Share Reissuances

We reissue our Class A common stock from our treasury stock as a result of the release of shares associated with share-based awards and purchases under our employee stock purchase plan. Share reissuances were as follows for the respective periods:

	Three Months Ended May 31,		Nine Months Ended May 31,
(In thousands)	2016	2015	2016	2015
Number of shares reissued	38	70	359	352