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Capital Stock and Share Repurchase
 3 Months Ended
Nov. 30, 2024
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 30,192,041 shares of common stock for $843.2 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 In March 2022, the Company's Board of Directors rescinded its prior share repurchase authorization and approved a new share repurchase program authorizing the repurchase of a total of 10,000,000 shares of the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. In December 2023, the Company's Board of Directors authorized the retirement of the Company's repurchased shares, and shares repurchased after December 18, 2023 are retired upon repurchase. The Company repurchased and retired 109,860 shares for $4.4 million in the three months ended November 30, 2024. The maximum number of shares that may yet be purchased under the program is 2,607,189 shares.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 Three Months Ended November 30,
 20242023
Numerator:
Net earnings from continuing operations$21,723 $18,305 
Earnings (loss) from discontinued operations, net of income taxes— (567)
Net earnings$21,723 $17,738 
Denominator:
Weighted average common shares outstanding - basic54,242 54,527 
Net effect of dilutive securities - stock based compensation plans570 481 
Weighted average common shares outstanding - diluted54,812 55,008 
Earnings per share from continuing operations
Basic$0.40 $0.34 
Diluted$0.40 $0.33 
Earnings (loss) per share from discontinued operations
Basic$— $(0.01)
Diluted$— $(0.01)
Earnings per share:*
Basic$0.40 $0.33 
Diluted$0.40 $0.32 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)49 312 
*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 November 30, 2024 (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, 202454,235 $10,847 $235,660 $— $261,870 $(116,398)$(3,777)$3,777 $391,979 
Net earnings— — — — 21,723 — — — 21,723 
Other comprehensive income, net of tax— — — — — (9,676)— — (9,676)
Stock contribution to employee benefit plans and other2 — 91 — — — — — 91 
Vesting of equity awards186 37 (37)— — — — — — 
Cash dividend ($0.04 per share)— — — — 3 — — — 3 
Stock based compensation expense— — 3,345 — — — — — 3,345 
Stock option exercises87 18 1,310 — — — — — 1,328 
Tax effect related to net share settlement of equity awards— — (6,405)— — — — — (6,405)
Stock issued to, acquired for and distributed from rabbi trust— — — — — — 3 (3)— 
Treasury stock repurchased and retired(110)(22)— — (4,357)— — — (4,379)
Balance at November 30, 202454,400 $10,880 $233,964 $— $279,239 $(126,074)$(3,774)$3,774 $398,009 
The following table illustrates the changes in the balances of each component of shareholders' equity for the three months ended November 30, 2023 (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, 202383,761 $16,752 $220,472 $(800,506)$1,011,112 $(121,210)$(3,484)$3,484 $326,620 
Net earnings— — — — 17,738 — — — 17,738 
Other comprehensive income, net of tax— — — — — 370 — — 370 
Stock contribution to employee benefit plans and other2 — 51 — — — — — 51 
Vesting of equity awards118 23 (23)— — — — — — 
Cash dividend ($0.04 per share)— — — — 21 — — — 21 
Treasury stock repurchases— — — (26,116)— — — — (26,116)
Stock based compensation expense— — 2,717 — — — — — 2,717 
Stock option exercises83 17 2,193 — — — — — 2,210 
Tax effect related to net share settlement of equity awards— — (2,025)— — — — — (2,025)
Stock issued to, acquired for and distributed from rabbi trust3 1 89 — — — (92)92 90 
Balance at November 30, 202383,967 $16,793 $223,474 $(826,622)$1,028,871 $(120,840)$(3,576)$3,576 $321,676