Earnings Per Share (Tables)

6 Months Ended

Feb. 28, 2022

Earnings Per Share [Abstract]

Schedule of earnings per share

A reconciliation of the weighted average shares outstanding used in the basic and diluted earnings per share ("EPS") computations is as follows:

	Three Months Ended				Six Months Ended
	February 28,				February 28,
(in thousands, except per share data)	2022		2021		2022		2021
Numerator
Net income used for calculating basic and diluted income per share	$	109,938	$	96,643	$	217,585	$	197,849
Denominator
Weighted average common shares used in the calculation of basic income per share	37,837		37,916		37,685		37,961
Common stock equivalents associated with stock-based compensation plan	924		704		943		697
Shares used in the calculation of diluted income per share	38,761		38,620		38,628		38,658
Basic income per share	$	2.91	$	2.55	$	5.77	$	5.21
Diluted income per share	$	2.84	$	2.50	$	5.63	$	5.12