EARNINGS PER SHARE (Tables)

12 Months Ended

Aug. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

A reconciliation of the weighted average shares outstanding used in the Basic EPS and Diluted EPS computation is as follows:

	Years Ended August 31,
(in thousands, except per share data)	2023		2022		2021
Numerator
Net income used for calculating Basic EPS and Diluted EPS	$	468,173	$	396,917	$	399,590
Denominator
Weighted average common shares used in the calculation of Basic EPS	38,194		37,864		37,856
Common stock equivalents associated with stock-based compensation plan(1)	704		872		714
Shares used in the calculation of Diluted EPS	38,898		38,736		38,570
Basic EPS	$	12.26	$	10.48	$	10.56
Diluted EPS	$	12.04	$	10.25	$	10.36

(1) Dilutive potential common shares consist of stock options and unvested PSUs. As of August 31, 2023, 2022 and 2021, we excluded a respective 566,173, 329,189 and 1,750 common stock equivalents related to stock options from our calculation of Diluted EPS. As of August 31, 2023, 2022 and 2021, we excluded a respective 59,478, 60,725 and 68,990 common stock equivalents related to PSUs from our calculation of Diluted EPS.