Quarterly report pursuant to Section 13 or 15(d)

Capital Stock and Share Repurchase

v3.10.0.1
Capital Stock and Share Repurchase
9 Months Ended
May 31, 2018
Earnings Per Share [Abstract]  
Capital Stock and Share Repurchase
Note 11. Capital Stock and Share Repurchases
The Company's Board of Directors 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 20,439,434 shares of common stock for $617.7 million. As of May 31, 2018, 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 nine months ended May 31, 2018.
The reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share amounts):
 
Three Months Ended May 31,
 
Nine Months Ended May 31,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net earnings
$
29,012

 
$
22,511

 
$
16,017

 
$
32,551

Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
60,683

 
59,675

 
60,291

 
59,339

Net effect of dilutive securities - stock based compensation plans
381

 
727

 
559

 
716

Weighted average common shares outstanding - diluted
61,064

 
60,402

 
$
60,850

 
$
60,055

 
 
 
 
 
 
 
 
Basic earnings per share
$
0.48

 
$
0.38

 
$
0.27

 
$
0.55

Diluted earnings per share
$
0.48

 
$
0.37

 
$
0.26

 
$
0.54

 
 
 
 
 
 
 
 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)
1,788

 
1,969

 
2,338

 
1,981