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Capital Stock and Share Repurchase
 3 Months Ended
Nov. 30, 2022
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 26,558,965 shares of common stock for $742.8 million. The Company suspended the initial share repurchase program in response to the COVID-19 pandemic in the third quarter of fiscal 2020. In March 2022, the Company's Board of Directors rescinded its prior share repurchase authorization and approved a new share repurchase program authorizing the repurchase of a total of 10,000,000 shares of the Company's outstanding common stock. The Company did not repurchase shares in either of the three months ended November 30, 2022 or 2021. As of November 30, 2022, the maximum number of shares that may yet be purchased under the program is 6,240,265 shares.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 Three Months Ended November 30,
 20222021
Numerator:
Net earnings from continuing operations$6,409 $3,185 
Net earnings (loss) from discontinued operations1,044 (397)
Net earnings$7,453 $2,788 
Denominator:
Weighted average common shares outstanding - basic56,886 60,261 
Net effect of dilutive securities - stock based compensation plans431 360 
Weighted average common shares outstanding - diluted57,317 60,621 
Earnings per share from continuing operations:
Basic$0.11 $0.05 
Diluted$0.11 $0.05 
Earnings (loss) per share from discontinued operations:
Basic$0.02 $(0.01)
Diluted$0.02 $(0.01)
Earnings per share:*
Basic$0.13 $0.05 
Diluted$0.13 $0.05 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)818 846 
*The total of Earnings per share from continuing operations and Earnings (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 November 30, 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, 202283,397 $16,679 $212,986 $(742,844)$966,751 $(134,961)$(3,209)$3,209 $318,611 
Net earnings— — — — 7,453 — — — 7,453 
Other comprehensive loss, net of tax— — — — — 6,024 — — 6,024 
Stock contribution to employee benefit plans and other3 1 41 — — — — — 42 
Vesting of equity awards84 17 (17)— — — — — — 
Stock based compensation expense— — 2,155 — — — — — 2,155 
Stock option exercises42 8 922 — — — — — 930 
Tax effect related to net share settlement of equity awards— — (969)— — — — — (969)
Stock issued to, acquired for and distributed from rabbi trust3 1 76 — — — (30)30 77 
Balance at November 30, 202283,529 $16,706 $215,194 $(742,844)$974,204 $(128,937)$(3,239)$3,239 $334,323 
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 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, 202183,022 $16,604 $202,971 $(667,732)$953,339 $(92,984)$(3,067)$3,067 $412,198 
Net earnings— — — — 2,788 — — — 2,788 
Other comprehensive income, net of tax— — — — — (10,044)— — (10,044)
Stock contribution to employee benefit plans and other2 1 84 — — — — — 85 
Vesting of equity awards67 17 (17)— — — — — — 
Stock based compensation expense— — 6,147 — — — — — 6,147 
Tax effect related to net share settlement of equity awards— — (1,393)— — — — — (1,393)
Stock issued to, acquired for and distributed from rabbi trust1 — 25 — — — (25)25 25 
Balance at November 30, 202183,092 $16,622 $207,817 $(667,732)$956,127 $(103,028)$(3,092)$3,092 $409,806