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STOCKHOLDERS’ EQUITY
 12 Months Ended
Aug. 31, 2023
Equity [Abstract]  
STOCKHOLDERS’ EQUITY STOCKHOLDERS’ EQUITY
Share Repurchases
(in thousands, except share data)Years ended August 31,
202320222021
Repurchases of common stock under the share repurchase program(1)
430,350 46,200 797,385 
Total cost of shares repurchased(1)(2)
$176,720 $18,639 $264,702 
(1) Amounts do not include the fiscal 2023, 2022 and 2021 repurchases of 32,444 shares ($13.7 million), 14,489 shares ($6.2 million) and 12,932 shares ($4.3 million) of common stock, respectively, primarily to satisfy tax withholding obligations due upon the vesting of stock-based awards.
(2) For fiscal 2023, amount excludes a 1% excise tax of $0.9 million on corporate stock repurchases required under the IRA for publicly traded U.S. corporations after December 31, 2022.
We may repurchase shares of our common stock under our share repurchase program from time-to-time in the open market and via privately negotiated transactions, subject to market conditions. We suspended our share repurchase program beginning in the second quarter of fiscal 2022, 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, to prioritize the repayment of debt under the 2022 Credit Facilities. We resumed our share repurchase program in the third quarter of fiscal 2023.
There is no defined number of shares to be repurchased over a specified timeframe through the life of our share repurchase program. As of August 31, 2023, we had $4.5 million authorized under our share repurchase program for future share repurchases, which was not available for use after August 31, 2023. On June 20, 2023, our Board of Directors authorized up to $300.0 million for share repurchases on or after September 1, 2023.
Equity-based Awards
Refer to Note 16, Stock-Based Compensation for more information on equity awards issued during fiscal 2021 through fiscal 2023.
Dividends
Our Board of Directors approved the following dividends:
Year EndedDividends per
Share of
Common Stock		Record Date
Total Amount
(in thousands)
Payment Date
Fiscal 2023
First Quarter$0.89 November 30, 2022$34,010 December 15, 2022
Second Quarter$0.89 February 28, 202334,099 March 16, 2023
Third Quarter$0.98 May 31, 202337,442 June 15, 2023
Fourth Quarter$0.98 August 31, 202337,265 September 21, 2023
Total Dividends
$142,816 
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, 202029,266 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 
In the third quarter of fiscal 2023, our Board of Directors approved a 10% increase in the regular quarterly dividend from $0.89 to $0.98 per share. 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.
Accumulated Other Comprehensive Loss
The components of AOCL are as follows:
(in thousands)August 31, 2023August 31, 2022
Accumulated unrealized gains (losses) on cash flow hedges, net of tax$2,880 $3,149 
Accumulated foreign currency translation adjustments(90,021)(111,532)
Total AOCL$(87,141)$(108,383)