Annual report pursuant to Section 13 and 15(d)

Capital Stock (Tables)

v2.4.0.8
Capital Stock (Tables)
 12 Months Ended
Aug. 31, 2014
Earnings Per Share [Abstract]  
Share repurchase
As summarized in the following table, on October 1, 2014 all 14,000,000 shares under the these two authorizations had been repurchased, with $447.1 million of total capital deployed over three fiscal years.
Period
 
Shares Repurchased
 
Average Price Paid per Share
Fiscal 2012
 
2,658,751

 
$
23.70

Fiscal 2013
 
1,324,762

 
31.55

Fiscal 2014
 
8,211,846

 
34.52

Fiscal 2015 (September 1 - October 1)
 
1,804,641

 
32.58


 
14,000,000

 
$
31.93

Basic and Diluted Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):
 
 
Year Ended August 31,
 
 
2014
 
2013
 
2012
Numerator:
 
 
 
 
 
 
Net earnings
 
$
163,573

 
$
30,048

 
$
87,290

Plus: 2% Convertible Notes financings costs, net of taxes
 
—

 
—

 
425

Net earnings for diluted earnings per share
 
$
163,573

 
$
30,048

 
$
87,715

Denominator:
 
 
 
 
 
 
Weighted average common shares outstanding for basic earnings per share
 
70,942

 
72,979

 
70,099

Net effect of dilutive securities—employee stock compensation plans
 
1,544

 
1,601

 
1,119

Net effect of 2% Convertible Notes based on the if-converted method
 
—

 
—

 
3,722

Weighted average common shares outstanding for diluted earnings per share
 
72,486

 
74,580

 
74,940

 
 
 
 
 
 
 
Basic Earnings Per Share:
 
$
2.31

 
$
0.41

 
$
1.25

 
 
 
 
 
 
 
Diluted Earnings Per Share:
 
$
2.26

 
$
0.40

 
$
1.17