Shareholders' Equity and Redeemable Noncontrolling Interests

6 Months Ended

Feb. 28, 2015

Equity [Abstract]

Shareholders' Equity and Redeemable Noncontrolling Interests

Shareholders’ Equity and Redeemable Noncontrolling Interests

Share Repurchases

Our Board of Directors has authorized us to repurchase outstanding shares of our Class A common stock from time to time depending on market conditions and other considerations. During fiscal year 2013, our Board of Directors authorized an increase in the amount available under our share repurchase program up to an aggregate amount of $250 million, of which $52.2 million remained available as of February 28, 2015. There is no expiration date on the repurchase authorizations and the amount and timing of future share repurchase authorizations and repurchases, if any, will be made as market and business conditions warrant. Repurchases occur at our discretion and may be made on the open market through various methods including but not limited to accelerated share repurchase programs, or in privately negotiated transactions, pursuant to the applicable Securities and Exchange Commission rules, and may include repurchases pursuant to Securities and Exchange Commission Rule 10b5-1 nondiscretionary trading programs.

We also repurchase shares in connection with tax withholding requirements associated with the release of vested shares of share-based awards, which do not fall under the repurchase program described above.

The following summarizes our share repurchase activity for the respective periods:

	Three Months Ended February 28,				Six Months Ended February 28,
(In thousands, except per share data)	2015		2014		2015		2014
Share repurchases under share repurchase program:
Number of shares repurchased	763		1,713		1,440		2,290
Weighted average purchase price per share	$	26.22	$	31.93	$	26.45	$	30.44
Cost of share repurchases(1)	$	20,000	$	54,684	$	38,092	$	69,684
Share repurchases related to vesting of share-based awards:
Number of shares repurchased	9		25		87		113
Cost of share repurchases	$	254	$	682	$	2,226	$	2,553

⁽¹⁾ At February 28, 2015, $1.6 million was recorded in accrued and other current liabilities on our Condensed Consolidated Balance Sheets for repurchased shares that settled subsequent to February 28, 2015.

Share Reissuances

We reissue our Class A common stock from our treasury stock as a result of the release of shares covered by vested restricted stock units, performance share awards, stock option exercises and purchases under our employee stock purchase plan. Share reissuances were as follows for the respective periods:

	Three Months Ended February 28,		Six Months Ended February 28,
(In thousands)	2015	2014	2015	2014
Number of shares reissued	55	110	282	391