Quarterly report pursuant to Section 13 or 15(d)

Capital Stock and Share Repurchase

v3.7.0.1
Capital Stock and Share Repurchase
 6 Months Ended
Feb. 28, 2017
Earnings Per Share [Abstract]  
Capital Stock and Share Repurchase
The Company's Board of Directors authorized the repurchase of shares of the Company's common stock under publicy announced share repurchase programs. Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 20,439,434 shares of common stock for $618 million. As of February 28, 2017, the maximum number of shares that may yet be purchased under the programs is 7,560,566 shares. There were no share repurchases in the three and six months ended February 28, 2017, respectively.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 
Three Months Ended
 
Six Months Ended
 
February 28, 2017
 
February 29, 2016
 
February 28,
2017
 
February 29,
2016
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)
$
5,074

 
$
(159,190
)
 
$
10,039

 
$
(143,742
)
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
59,368

 
58,991

 
59,170

 
59,089

Net effect of dilutive securities - stock based compensation plans
778

 
—

 
711

 
—

Weighted average common shares outstanding - diluted
60,146

 
58,991

 
$
59,881

 
$
59,089

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
0.09

 
$
(2.70
)
 
$
0.17

 
$
(2.43
)
Diluted earnings (loss) per share
0.08

 
(2.70
)
 
0.17

 
(2.43
)
 
 
 
 
 
 
 
 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)
2,011

 
5,146

 
1,987

 
5,146