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Capital Stock and Share Repurchase
 6 Months Ended
Feb. 28, 2022
Earnings Per Share [Abstract]  
Capital Stock and Share Repurchase
Note 10. 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 February 28, 2022, the maximum number of shares that may yet be purchased under the programs is 5,200,770 shares. The Company suspended the share repurchase program in response to the COVID-19 pandemic in the third quarter of fiscal 2020 and, accordingly, did not repurchase shares in either of the six months ended February 28, 2022 or 2021. As the Company again considers strategic share repurchases, the Company's Board of Directors, in March 2022, rescinded its prior share repurchase authorization and authorized the repurchase of a total of 10,000,000 shares.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 Three Months Ended February 28,Six Months Ended February 28,
 2022202120222021
Numerator:
Net earnings from continuing operations$2,121 $3,584 $5,306 $8,406 
Net loss from discontinued operations(900)(402)(1,297)(626)
Net earnings$1,221 $3,182 4,009 7,780 
Denominator:
Weighted average common shares outstanding - basic60,387 59,938 60,324 59,874 
Net effect of dilutive securities - stock based compensation plans302 331 331 306 
Weighted average common shares outstanding - diluted60,689 60,269 60,655 60,180 
Earnings per common share from continuing operations:
Basic$0.04 $0.06 $0.09 $0.14 
Diluted$0.03 $0.06 $0.09 $0.14 
Loss per common share from discontinued operations:
Basic$(0.01)$(0.01)$(0.02)$(0.01)
Diluted$(0.01)$(0.01)$(0.02)$(0.01)
Earnings per common share:*
Basic$0.02 $0.05 $0.07 $0.13 
Diluted$0.02 $0.05 $0.07 $0.13 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)1,037 932 941 1,211 
*The total of Earnings per share from continuing operations and Loss per share from discontinued operations may not equal Earnings per share due to rounding.
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended February 28, 2022 (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 November 31, 202183,092 $16,622 $207,817 $(667,732)$956,127 $(103,028)$(3,092)$3,092 $409,806 
Net earnings— — — — 1,221 — — — 1,221 
Other comprehensive income, net of tax— — — — — 1,744 — — 1,744 
Stock contribution to employee benefit plans and other5 1 64 — — — — — 65 
Vesting of equity awards247 46 (46)— — — — — — 
Stock based compensation expense— — 2,142 — — — — — 2,142 
Stock option exercises— — — — — — — — — 
Tax effect related to net share settlement of equity awards— — (1,980)— — — — — (1,980)
Stock issued to, acquired for and distributed from rabbi trust1 — 25 — — — 3 (3)25 
Balance at February 28, 202283,345 $16,669 $208,022 $(667,732)$957,348 $(101,284)$(3,089)$3,089 $413,023 
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended February 28, 2021 (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 November 30, 202082,625 $16,525 $195,979 $(667,732)$922,269 $(99,095)$(2,643)$2,643 $367,946 
Net earnings— — — — 3,182 — — — 3,182 
Other comprehensive income, net of tax— — — — — 9,157 — — 9,157 
Stock contribution to employee benefit plans and other4 1 80 — — — — — 81 
Vesting of equity awards235 47 (47)— — — — — — 
Stock based compensation expense— — 2,647 — — — — — 2,647 
Tax effect related to net share settlement of equity awards— — (1,706)— — — — — (1,706)
Stock issued to, acquired for and distributed from rabbi trust15 3 83 — — — (353)353 86 
Balance at February 28, 202182,879 $16,576 $197,036 $(667,732)$925,451 $(89,938)$(2,996)$2,996 $381,393 
The following table illustrates the changes in the balances of each component of shareholders' equity for the six months ended February 28, 2022 (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, 202183,022 $16,604 $202,971 $(667,732)$953,339 $(92,984)$(3,067)$3,067 $412,198 
Net earnings— — — — 4,009 — — — 4,009 
Other comprehensive loss, net of tax— — — — — (8,300)— — (8,300)
Stock contribution to employee benefit plans and other7 2 148 — — — — — 150 
Vesting of equity awards314 63 (63)— — — — — — 
Stock based compensation expense— — 8,289 — — — — — 8,289 
Tax effect related to net share settlement of equity awards— — (3,373)— — — — — (3,373)
Stock issued to, acquired for and distributed from rabbi trust2 — 50 — — — (22)22 50 
Balance at February 28, 202283,345 $16,669 $208,022 $(667,732)$957,348 $(101,284)$(3,089)$3,089 $413,023 
The following table illustrates the changes in the balances of each component of shareholders' equity for the six months ended February 28, 2021 (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— — — — 7,780 — — — 7,780 
Other comprehensive income, net of tax— — — — — 10,786 — — 10,786 
Stock contribution to employee benefit plans and other10 2 180 — — — — — 182 
Vesting of equity awards255 51 (51)— — — — — — 
Stock based compensation expense— — 5,227 — — — — — 5,227 
Tax effect related to net share settlement of equity awards— — (1,981)— — — — — (1,981)
Stock issued to, acquired for and distributed from rabbi trust20 4 169 — — — (434)434 173 
Balance at February 28, 202182,879 $16,576 $197,036 $(667,732)$925,451 $(89,938)$(2,996)$2,996 $381,393