XML 34 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Equity
3 Months Ended
Feb. 28, 2021
Equity [Abstract]  
Equity

NOTE 14—EQUITY:

Share repurchase program

In June 2020, the Board of Directors authorized a three-year $400,000 share repurchase program, effective July 1, 2020, pursuant to which the Company may repurchase its outstanding common stock from time to time in the open market or through privately negotiated transactions. As of February 29, 2021, the Company had not repurchased any shares under this program.

Dividends

On March 22, 2021, the Company announced a cash dividend of $0.20 per share payable on April 30, 2021 to stockholders of record as of April 16, 2021. 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.