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Earnings Per Share (Tables)
3 Months Ended
Nov. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table calculates basic earnings per common share and diluted earnings per common share for the periods presented (in millions, except per share data):
 
Three Months Ended
 
November 30, 2019
 
November 30, 2018
Net income
$
57.0

 
$
79.6

Basic weighted average shares outstanding
39.5

 
40.0

Common stock equivalents
0.1

 
0.1

Diluted weighted average shares outstanding
39.6


40.1

Basic earnings per share
$
1.44

 
$
1.99

Diluted earnings per share
$
1.44


$
1.98


Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents stock options and restricted stock awards that were excluded from the diluted earnings per share calculation for the periods presented as the effect of inclusion would have been antidilutive:
 
Three Months Ended
 
November 30, 2019
 
November 30, 2018
Stock options
278,972

 
212,048

Restricted stock awards
118,036

 
197,014