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Stockholders' Equity
 12 Months Ended
Aug. 31, 2022
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Shares of common stock outstanding were as follows:
(in thousands)Years ended August 31,
202220212020
Balance, beginning of year at September 1, 2021, 2020 and 2019, respectively
37,615 38,030 38,118 
Common stock issued for employee stock plans490 395 663 
Repurchase of common stock from employees(1)
(14)(13)(12)
Repurchase of common stock under the share repurchase program(46)(797)(739)
Balance, end of year at August 31, 2022, 2021, and 2020 respectively
38,045 37,615 38,030 
(1)For fiscal years 2022, 2021 and 2020, we repurchased 14,489, 12,932 and 11,945 shares, or $6.2 million, $4.3 million and $3.5 million, of common stock, respectively, primarily to satisfy tax withholding obligations due upon the vesting of stock-based awards.
Share Repurchase Program
As of August 31, 2022, a total of $181.3 million remained authorized for future share repurchases under our share repurchase program. There is no defined number of shares to be repurchased over a specified timeframe through the life of the program.
We may repurchase shares of our common stock under the program from time-to-time in the open market and privately negotiated transactions, subject to market conditions.
For the year ended August 31, 2022, we repurchased 46,200 shares for $18.6 million compared with 797,385 shares for $264.7 million for the year ended August 31, 2021. Beginning in the second quarter of fiscal 2022, we suspended our share repurchase program until at least the second half of fiscal 2023, with the exception of potential minor repurchases to offset dilution from grants of equity awards or repurchases to satisfy withholding tax obligations due upon the vesting of stock-based awards. The suspension of our share repurchase program allows us to prioritize the repayment of debt under the 2022 Credit Facilities. Refer to Note 12, Debt for more information on the 2022 Credit Facilities.
Restricted Stock
Restricted stock awards entitle the holders to receive shares of common stock as the awards vest over time. For the year ended August 31, 2022, 39,499 shares of previously granted restricted stock vested and were included in common stock outstanding as of August 31, 2022 (recorded net of 14,489 shares repurchased from employees at a cost of $6.2 million to cover their cost of taxes upon vesting of the restricted stock). For the year ended August 31, 2021, 34,607 shares of previously granted restricted stock vested and were included in common stock outstanding as of August 31, 2021 (recorded net of 12,932 shares repurchased from employees at a cost of $4.3 million to cover their cost of taxes upon vesting of the restricted stock).
Dividends
Our Board of Directors declared dividends for the full years ended August 31, 2022 and August 31, 2021 as follows:
Year EndedDividends per
Share of
Common Stock		Record Date
Total amount
(in thousands)
Payment Date
Fiscal 2022
First Quarter$0.82 November 30, 2021$30,973 December 16, 2021
Second Quarter$0.82 February 28, 202231,065 March 17, 2022
Third Quarter$0.89 May 31, 202233,795 June 16, 2022
Fourth Quarter$0.89 August 31, 202233,860 September 15, 2022
    Total Dividends$129,693 
Fiscal 2021
First Quarter$0.77 November 30, 2020$29,266 December 17, 2020
Second Quarter$0.77 February 26, 202129,141 March 18, 2021
Third Quarter$0.82 May 31, 202130,972 June 17, 2021
Fourth Quarter$0.82 August 31, 202130,845 September 16, 2021
    Total Dividends$120,224 
Future cash dividend payments will depend on our earnings, capital requirements, financial condition and other factors considered relevant by us and are subject to final determination by our Board of Directors.
On April 28, 2022, our Board of Directors approved a 8.5% increase in the regular quarterly dividend from $0.82 to $0.89 per share.
Accumulated Other Comprehensive Loss
The components of AOCL are as follows:
(in thousands)August 31, 2022August 31, 2021
Accumulated unrealized losses on cash flow hedges, net of tax$3,149 $(2,095)
Accumulated foreign currency translation adjustments(111,532)(36,867)
Total AOCL$(108,383)$(38,962)