Earnings Per Share (Tables)

9 Months Ended

May 31, 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				Nine Months Ended
	May 31,				May 31,
(in thousands, except per share data)	2022		2021		2022		2021
Numerator
Net income used for calculating basic and diluted income per share	$	74,910	$	100,679	$	292,495	$	298,528
Denominator
Weighted average common shares used in the calculation of basic income per share	37,934		37,806		37,716		37,910
Common stock equivalents associated with stock-based compensation plan	786		682		891		692
Shares used in the calculation of diluted income per share	38,720		38,488		38,607		38,602
Basic income per share	$	1.97	$	2.66	$	7.76	$	7.87
Diluted income per share	$	1.93	$	2.62	$	7.58	$	7.73