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Equity
9 Months Ended
Aug. 31, 2019
Equity [Abstract]  
Equity

 

NOTE 15—EQUITY:

Share repurchase program

In June 2017, the Board of Directors authorized a three-year $300,000 share repurchase program, effective July 1, 2017, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions. During the three months ended August 31, 2019, the Company did not repurchase any shares. During the nine months ended August 31, 2019, the Company repurchased 160 shares for a total cost of $15,184. As of August 31, 2019, the Company had repurchased 840 shares for a total cost of $81,172. The share purchases were made on the open market and the shares repurchased by the Company are held in treasury for general corporate purposes.

Dividends

On September 24, 2019, the Company announced a cash dividend of $0.375 per share payable on October 25, 2019 to stockholders of record as of October 11, 2019. Future dividends are subject to continued capital availability, compliance with the covenants and conditions in some of the Company's credit facilities and declaration by the Board of Directors in the best interest of the Company’s stockholders.