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Capital Stock and Share Repurchase
 3 Months Ended
Nov. 30, 2020
Earnings Per Share [Abstract]  
Capital Stock and Share Repurchase
Note 11. Earnings per Share and Shareholders' Equity
The Company's Board of Directors has authorized the repurchase of shares of the Company's common stock under publicly announced share repurchase programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 22,799,230 shares of common stock for $667.7 million. As of November 30, 2020, the maximum number of shares that may yet be purchased under the programs is 5,200,770 shares. The Company did not repurchase shares in the three months ended November 30, 2020. The Company repurchased 839,789 shares for $17.8 million during the three months ended November 30, 2019.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 Three Months Ended November 30,
 20202019
Numerator:
Net earnings from continuing operations$4,822 $6,372 
Net loss from discontinued operations(224)(4,251)
Net earnings$4,598 $2,121 
Denominator:
Weighted average common shares outstanding - basic59,811 60,081 
Net effect of dilutive securities - stock based compensation plans281 520 
Weighted average common shares outstanding - diluted60,092 60,601 
Earnings per common share from continuing operations:
Basic$0.08 $0.11 
Diluted$0.08 $0.11 
Loss per common share from discontinued operations:
Basic$0.00 $(0.07)
Diluted$0.00 $(0.07)
Earnings per common share:
Basic$0.08 $0.04 
Diluted$0.08 $0.03 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)1,490 1,068 

The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2020 (in thousands):
 Common StockAdditional
Paid-in
Capital		Treasury
Stock		Retained
Earnings		Accumulated
Other
Comprehensive
Loss		Stock
Held in
Trust		Deferred
Compensation
Liability		Total
Shareholders’
Equity
 Issued
Shares		Amount
Balance at August 31, 202082,594 $16,519 $193,492 $(667,732)$917,671 $(100,724)$(2,562)$2,562 $359,226 
Net earnings— — — — 4,598 — — — 4,598 
Other comprehensive income, net of tax— — — — — 1,629 — — 1,629 
Stock contribution to employee benefit plans and other6 1 100 — — — — — 101 
Restricted stock awards20 4 (4)— — — — — — 
Stock based compensation expense— — 2,581 — — — — — 2,581 
Tax effect related to net share settlement of equity awards— — (275)— — — — — (275)
Stock issued to, acquired for and distributed from rabbi trust5 1 85 — — — (81)81 86 
Balance at November 30, 202082,625 $16,525 $195,979 $(667,732)$922,269 $(99,095)$(2,643)$2,643 $367,946 
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2019 (in thousands):
 Common StockAdditional
Paid-in
Capital		Treasury
Stock		Retained
Earnings		Accumulated
Other
Comprehensive
Loss		Stock
Held in
Trust		Deferred
Compensation
Liability		Total
Shareholders’
Equity
 Issued
Shares		Amount
Balance at August 31, 201981,919 $16,384 $181,213 $(640,212)$915,466 $(171,672)$(3,070)$3,070 $301,179 
Net earnings— — — — 2,121 — — — 2,121 
Other comprehensive income, net of tax— — — — — 60,927 — — 60,927 
Stock contribution to employee benefit plans and other6 1 130 — — — — — 131 
Restricted stock awards190 38 (38)— — — — — — 
Treasury stock repurchases— — — (17,805)— — — — (17,805)
Stock based compensation expense— — 6,537 — — — — — 6,537 
Stock option exercises128 26 2,483 — — — — — 2,509 
Tax effect related to net share settlement of equity awards— — (2,638)— — — — — (2,638)
Stock issued to, acquired for and distributed from rabbi trust5 1 85 — — — (87)87 86 
Adoption of accounting standards— — — — 3,873 (3,667)— — 206 
Balance at November 30, 201982,248 $16,450 $187,772 $(658,017)$921,460 $(114,412)$(3,157)$3,157 $353,253