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STOCKHOLDERS’ EQUITY AND EARNINGS PER SHARE ATTRIBUTABLE TO CMC
 6 Months Ended
Feb. 28, 2019
Earnings Per Share [Abstract]  
Stockholder's equity and earnings per share attributable to CMC
NOTE 15. STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE

The calculations of basic and diluted earnings per share from continuing operations for the three and six months ended February 28, 2019 and 2018 were as follows: 
 
 
Three Months Ended February 28,
 
Six Months Ended February 28,
(in thousands, except share data)
 
2019
 
2018
 
2019
 
2018
Earnings from continuing operations
 
$
14,928

 
$
9,781

 
$
34,348

 
$
41,652

Basic earnings per share:
 
 
 
 
 
 
 
 
       Shares outstanding for basic earnings per share
 
117,854,335

 
116,808,838

 
117,677,422

 
116,524,630

Basic earnings per share from continuing operations
 
$
0.13

 
$
0.08

 
$
0.29

 
$
0.36

Diluted earnings per share:
 
 
 
 
 
 
 
 
       Shares outstanding for basic earnings per share
 
117,854,335

 
116,808,838

 
117,677,422

 
116,524,630

Effect of dilutive securities:
 
 
 
 
 
 
 
 
Stock-based incentive/purchase plans
 
1,088,423

 
1,460,883

 
1,319,005

 
1,625,185

Shares outstanding for diluted earnings per share
 
118,942,758

 
118,269,721

 
118,996,427

 
118,149,815

Diluted earnings per share from continuing operations
 
$
0.13

 
$
0.08

 
$
0.29

 
$
0.35


  
There are no anti-dilutive shares for the periods presented.

CMC's restricted stock is included in the number of shares of common stock issued and outstanding, but is omitted from the basic earnings per share calculation until the shares vest.
During the first quarter of fiscal 2015, CMC's Board of Directors authorized a share repurchase program under which CMC may repurchase up to $100.0 million of shares of common stock. The timing and the amount of repurchases, if any, are determined by management based on an evaluation of market conditions, capital allocation alternatives and other factors. The share repurchase program does not require the Company to purchase any dollar amount or number of shares of common stock and may be modified, suspended, extended or terminated at any time without prior notice. During the six months ended February 28, 2019, CMC did not repurchase any shares of common stock. CMC had remaining authorization to repurchase $27.6 million of shares of common stock at February 28, 2019.