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Earnings Per Share (Tables)
3 Months Ended
Nov. 30, 2020
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, 2020November 30, 2019
Net income$59.6 $57.0 
Basic weighted average shares outstanding37.6 39.5 
Common stock equivalents0.2 0.1 
Diluted weighted average shares outstanding37.8 39.6 
Basic earnings per share$1.58 $1.44 
Diluted earnings per share$1.57 $1.44 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents stock options, performance stock awards, 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, 2020November 30, 2019
Stock options1,127,837 278,972 
Restricted stock awards185,419 118,036