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Earnings Per Share (Tables)

9 Months Ended

May 31, 2023

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												Nine Months Ended
			May 31, 2023						May 31, 2022						May 31, 2023						May 31, 2022
Net income			$	105.0					$	105.7					$	263.1					$	268.6
Basic weighted average shares outstanding			31.682						34.079						32.006						34.659
Common stock equivalents			0.329						0.361						0.354						0.408
Diluted weighted average shares outstanding			32.011						34.440						32.360						35.067
Basic earnings per share(1)			$	3.31					$	3.10					$	8.22					$	7.75
Diluted earnings per share(1)			$	3.28					$	3.07					$	8.13					$	7.66

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(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.

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 Ended																		Nine Months Ended
			May 31, 2023									May 31, 2022									May 31, 2023									May 31, 2022
Stock options			0.1									0.1									0.1									0.1
Performance stock awards			—									—									—			*						—
Restricted stock awards			0.1									0.1									0.1									0.1

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* Represents shares of less than 0.1 million.

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- References

No definition available.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

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