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Earnings Per Share (Tables)
6 Months Ended
Feb. 28, 2022
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 EndedSix Months Ended
February 28, 2022February 28, 2021February 28, 2022February 28, 2021
Net income$75.3 $62.9 $162.9 $122.5 
Basic weighted average shares outstanding35.0 36.0 35.0 36.9 
Common stock equivalents0.4 0.2 0.4 0.2 
Diluted weighted average shares outstanding35.4 36.2 35.4 37.1 
Basic earnings per share$2.16 $1.75 $4.65 $3.32 
Diluted earnings per share$2.13 $1.74 $4.60 $3.30 
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 (in millions):
Three Months EndedSix Months Ended
February 28, 2022February 28, 2021February 28, 2022February 28, 2021
Stock options0.1 1.0 0.1 1.1 
Restricted stock awards0.1 0.1 0.1 0.1