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Stockholders' Equity | 9 Months Ended
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May 31, 2021
Share-based Payment Arrangement [Abstract] |
Stockholders' Equity | Stockholders’ Equity The Company recognized stock-based compensation expense within selling, general and administrative expense as follows (in thousands):
| Three months ended |  | Nine months ended
| May 31, 2021 |  | May 31, 2020 |  | May 31, 2021 |  | May 31, 2020
Restricted stock units | $ | 15,956 |  |  | $ | 14,299 |  |  | $ | 67,553 |  |  | $ | 54,783 |
Employee stock purchase plan | 2,809 |  |  | 2,583 |  |  | 8,566 |  |  | 7,431 |
Total | $ | 18,765 |  |  | $ | 16,882 |  |  | $ | 76,119 |  |  | $ | 62,214 |
On January 21, 2021, the 2021 Equity Incentive Plan (the “2021 EIP”) was approved by the shareholders of the Company. The 2021 EIP replaced the Company’s 2011 Stock Award and Incentive Plan, which terminated on October 21, 2020. As of May 31, 2021, the shares available to be issued under the 2021 EIP w ere 10,965,250. Restricted Stock Units Certain key employees have been granted time-based, performance-based and market-based restricted stock unit awards (“restricted stock units”). The time-based restricted stock units generally vest on a graded vesting schedule over three years. T he performance-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 150%, depending on the specified performance condition and the level of achievement obtained. The performance-based restricted stock units have a vesting condition that is based upon the Company’s cumulative adjusted core earnings per share during the performance period. The market-based restricted stock units generally vest on a cliff vesting schedule over three years and up to a maximum of 200%, depending on the specified performance condition and the level of achievement obtained. The market-based restricted stock units ha ve a vesting condition that is tied to the Company’s total shareholder return based on the Company’s stock performance in relation to the companies in the Standard and Poor’s (S&P) Super Composite Technology Hardware and Equipment Index excluding the Company. During the nine months ended May 31, 2021 and 2020, the Company awarded approximately 1.2 million and 1.1 million time-based restricted stock units, respectively, 0.4 million and 0.3 million performance-based restricted stock units, respectively, and 0.3 million and 0.3 million market-based restricted stock units, respectively. The following represents the stock-based compensation information as of the period indicated (in thousands):
| May 31, 2021
Unrecognized stock-based compensation expense—restricted stock units | $ | 45,840 |
Remaining weighted-average period for restricted stock units expense | 1.4 years
Common Stock Outstanding The following represents the common stock outstanding for the periods indicated:
| Three months ended |  | Nine months ended
| May 31, 2021 |  | May 31, 2020 |  | May 31, 2021 |  | May 31, 2020
Common stock outstanding: |  |  |  |  |  |  |
Beginning balances | 149,366,501 |  |  | 151,407,526 |  |  | 150,330,358 |  |  | 153,520,380 |
Shares issued upon exercise of stock options | 9,321 |  |  | — |  |  | 9,321 |  |  | 56,999 |
Shares issued under employee stock purchase plan | — |  |  | — |  |  | 771,548 |  |  | 595,717 |
Vesting of restricted stock | 12,787 |  |  | 13,234 |  |  | 2,253,923 |  |  | 2,252,846 |
Purchases of treasury stock under employee stock plans | (3,436) |  |  | (2,808) |  |  | (613,715) |  |  | (619,931) |
Treasury shares purchased(1) | (2,547,707) |  |  | (843,916) |  |  | (5,913,969) |  |  | (5,231,975) |
Ending balances | 146,837,466 |  |  | 150,574,036 |  |  | 146,837,466 |  |  | 150,574,036 |
(1)In September 2019, the Company’s Board of Directors authorized the repurchase of up to $600.0 million of the Company’s common stock as part of a two-year capital allocation framework (the “2020 Share Repurchase Program”). As of May 31, 2021, 11.9 million shares had been repurchased for $475.6 million and $124.4 million remains available under the 2020 Share Repurchase Program. The 2020 Share Repurchase Program authorization expires at the end of fiscal year 2021.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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