Changes in Stockholders' Equity (Tables)

9 Months Ended

May 31, 2021

Schedule of Changes in Stockholders' Equity

The following tables summarize changes in the components of stockholders' equity for the periods presented (in millions):


	Common Stock Outstanding
	Shares	Amount		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock, at cost		Total
Balance, August 31, 2020	38.9	$	0.5	$	963.6	$	2,523.3	$	(132.7)	$	(1,227.2)	$	2,127.5
Net income	—	—		—		59.6		—		—		59.6
Other comprehensive income	—	—		—		—		6.2		—		6.2

Cumulative effect of adoption of ASC 326 (1)	—	—		—		(0.2)		—		—		(0.2)
Share-based payment amortization, issuances, and cancellations	0.1	—		4.7		—		—		—		4.7
Employee stock purchase plan issuances	—	—		0.3		—		—		—		0.3
Cash dividends of $0.13 per share paid on common stock	—	—		—		(5.0)		—		—		(5.0)

Repurchases of common stock	(2.6)	—		—		—		—		(256.1)		(256.1)
Balance, November 30, 2020	36.4	0.5		968.6		2,577.7		(126.5)		(1,483.3)		1,937.0
Net income	—	—		—		62.9		—		—		62.9
Other comprehensive income	—	—		—		—		8.4		—		8.4
Share-based payment amortization, issuances, and cancellations	—	—		8.6		—		—		—		8.6
Employee stock purchase plan issuances	—	—		0.2		—		—		—		0.2
Cash dividends of $0.13 per share paid on common stock	—	—		—		(4.7)		—		—		(4.7)
Stock options exercised	—	—		0.4		—		—		—		0.4
Repurchases of common stock	(0.7)	—		—		—		—		(80.3)		(80.3)
Balance, February 28, 2021	35.7	0.5		977.8		2,635.9		(118.1)		(1,563.6)		1,932.5
Net income	—	—		—		85.7		—		—		85.7
Other comprehensive income	—	—		—		—		20.7		—		20.7
Share-based payment amortization, issuances, and cancellations	—	—		6.2		—		—		—		6.2
Employee stock purchase plan issuances	—	—		0.3		—		—		—		0.3
Cash dividends of $0.13 per share paid on common stock	—	—		—		(4.6)		—		—		(4.6)
Stock options exercised	—	—		0.8		—		—		—		0.8
Repurchases of common stock (2)	—	—		—		—		—		(2.5)		(2.5)
Balance, May 31, 2021	35.7	$	0.5	$	985.1	$	2,717.0	$	(97.4)	$	(1,566.1)	$	2,039.1

____________________________________

(1) See Note 4 - New Accounting Pronouncements for further details on our adoption of ASC 326.

(2) Represents repurchases of fewer than 0.1 million shares of common stock.


	Common Stock Outstanding
	Shares	Amount		Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Treasury Stock, at cost		Total
Balance, August 31, 2019	39.5	$	0.5	$	930.0	$	2,295.8	$	(151.4)	$	(1,156.0)	$	1,918.9
Net income	—	—		—		57.0		—		—		57.0
Other comprehensive income	—	—		—		—		3.8		—		3.8


Share-based payment amortization, issuances, and cancellations	—	—		12.6		—		—		—		12.6
Employee stock purchase plan issuances	—	—		0.2		—		—		—		0.2
Cash dividends of $0.13 per share paid on common stock	—	—		—		(5.2)		—		—		(5.2)


Balance, November 30, 2019	39.5	0.5		942.8		2,347.6		(147.6)		(1,156.0)		1,987.3
Net income	—	—		—		57.2		—		—		57.2
Other comprehensive loss	—	—		—		—		(2.0)		—		(2.0)
Share-based payment amortization, issuances, and cancellations	—	—		7.5		—		—		—		7.5
Employee stock purchase plan issuances	—	—		0.2		—		—		—		0.2
Cash dividends of $0.13 per share paid on common stock	—	—		—		(5.2)		—		—		(5.2)
Stock options exercised	—	—		0.1		—		—		—		0.1

Balance, February 29, 2020	39.5	0.5		950.6		2,399.6		(149.6)		(1,156.0)		2,045.1
Net income	—	—		—		60.4		—		—		60.4
Other comprehensive loss	—	—		—		—		(12.0)		—		(12.0)
Share-based payment amortization, issuances, and cancellations	—	—		7.2		—		—		—		7.2
Employee stock purchase plan issuances	—	—		0.2		—		—		—		0.2
Cash dividends of $0.13 per share paid on common stock	—	—		—		(5.2)		—		—		(5.2)

Balance, May 31, 2020	39.5	$	0.5	$	958.0	$	2,454.8	$	(161.6)	$	(1,156.0)	$	2,095.7