Changes in Stockholders' Equity (Tables)

9 Months Ended

May 31, 2019

Schedule of Changes in Stockholders' Equity

The following tables summarize changes in the components of stockholders' equity for the three and nine months ended May 31, 2019 and 2018 (in millions):



	Common Stock Outstanding
	Shares		Amount		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock, at cost			Total
Balance, August 31, 2018	40.0		$	0.5	$	906.3	$	1,999.2		$	(114.8	)	$	(1,074.4	)	$	1,716.8
Net income	—		—		—		79.6			—			—			79.6
Other comprehensive loss	—		—		—		—			(6.2		)	—			(6.2		)
ASC 606 adjustments	—		—		—		(13.0		)	—			—			(13.0		)
Amortization, issuance, and cancellations of restricted stock grants	0.1		—		3.8		—			—			—			3.8
Employee stock purchase plan issuances	—		—		0.1		—			—			—			0.1
Cash dividends of $0.13 per share paid on common stock	—		—		—		(5.2		)	—			—			(5.2		)
Repurchases of common stock	(0.2	)	—		—		—			—			(25.0		)	(25.0		)
Balance, November 30, 2018	39.9		0.5		910.2		2,060.6			(121.0		)	(1,099.4		)	1,750.9
Net income	—		—		—		66.3			—			—			66.3
Other comprehensive income	—		—		—		—			6.3			—			6.3
Amortization, issuance, and cancellations of restricted stock grants	—		—		7.1		—			—			—			7.1
Employee stock purchase plan issuances	—		—		0.2		—			—			—			0.2
Cash dividends of $0.13 per share paid on common stock	—		—		—		(5.3		)	—			—			(5.3		)
Repurchases of common stock	(0.2	)	—		—		—			—			(23.7		)	(23.7		)
Balance, February 28, 2019	39.7		0.5		917.5		2,121.6			(114.7		)	(1,123.1		)	1,801.8
Net income	—		—		—		88.4			—			—			88.4
Other comprehensive loss	—		—		—		—			(7.4		)	—			(7.4		)
Amortization, issuance, and cancellations of restricted stock grants	—		—		7.0		—			—			—			7.0
Employee stock purchase plan issuances	—		—		0.2		—			—			—			0.2
Cash dividends of $0.13 per share paid on common stock	—		—		—		(5.1		)	—			—			(5.1		)
Balance, May 31, 2019	39.7		$	0.5	$	924.7	$	2,204.9		$	(122.1	)	$	(1,123.1	)	$	1,884.9



	Common Stock Outstanding
	Shares		Amount		Paid-in Capital		Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock, at cost			Total
Balance, August 31, 2017	41.8		$	0.5	$	881.0	$	1,659.9		$	(99.7	)	$	(776.1	)	$	1,665.6
Net income	—		—		—		71.5			—			—			71.5
Other comprehensive loss	—		—		—		—			(8.9		)	—			(8.9		)
Amortization, issuance, and cancellations of restricted stock grants	0.1		—		2.5		—			—			0.1			2.6
Employee stock purchase plan issuances	—		—		0.2		—			—			—			0.2
Cash dividends of $0.13 per share paid on common stock	—		—		—		(5.5		)	—			—			(5.5		)
Stock options exercised	—		—		0.6		—			—			—			0.6
Balance, November 30, 2017	41.9		0.5		884.3		1,725.9			(108.6		)	(776.0		)	1,726.1
Net income	—		—		—		96.9			—			—			96.9
Other comprehensive income	—		—		—		—			4.3			—			4.3
Reclassification of stranded tax effects of the TCJA ⁽¹⁾	—		—		—		11.1			(11.1		)	—			—
Amortization, issuance, and cancellations of restricted stock grants	0.1		—		7.6		—			—			—			7.6
Employee stock purchase plan issuances	—		—		0.1		—			—			—			0.1
Cash dividends of $0.13 per share paid on common stock	—		—		—		(5.4		)	—			—			(5.4		)
Stock options exercised	—		—		0.5		—			—			—			0.5
Repurchases of common stock	(1.2	)	—		—		—			—			(194.3		)	(194.3		)
Balance, February 28, 2018	40.8		0.5		892.5		1,828.5			(115.4		)	(970.3		)	1,635.8
Net income	—		—		—		73.0			—			—			73.0
Other comprehensive loss	—		—		—		—			(5.7		)	—			(5.7		)
Amortization, issuance, and cancellations of restricted stock grants	—		—		6.5		—			—			—			6.5
Employee stock purchase plan issuances	—		—		0.2		—			—			—			0.2
Cash dividends of $0.13 per share paid on common stock	—		—		—		(5.3		)	—			—			(5.3		)
Repurchases of common stock	(0.8	)	—		—		—			—			(104.1		)	(104.1		)
Balance, May 31, 2018	40.0		$	0.5	$	899.2	$	1,896.2		$	(121.1	)	$	(1,074.4	)	$	1,600.4

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⁽¹⁾See Income Taxes footnote of the Notes to Consolidated Financial Statements within our Form 10-K for additional details.