Quarterly report pursuant to Section 13 or 15(d)

Capital Stock and Share Repurchase

v3.7.0.1
Capital Stock and Share Repurchase
 9 Months Ended
May 31, 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 $617.7 million. As of May 31, 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 nine months ended May 31, 2017, respectively.
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,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net earnings (loss)
$
22,511

 
$
21,166

 
$
32,551

 
$
(122,576
)
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding - basic
59,675

 
58,923

 
59,339

 
59,034

Net effect of dilutive securities - stock based compensation plans
727

 
666

 
716

 
—

Weighted average common shares outstanding - diluted
60,402

 
59,589

 
$
60,055

 
$
59,034

 
 
 
 
 
 
 
 
Basic earnings (loss) per share
$
0.38

 
$
0.36

 
$
0.55

 
$
(2.08
)
Diluted earnings (loss) per share
0.37

 
0.36

 
0.54

 
(2.08
)
 
 
 
 
 
 
 
 
Anti-dilutive securities from stock based compensation plans (excluded from earnings per share calculation)
1,969

 
1,930

 
1,981

 
4,973