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Earnings Per Share (Tables) | 6 Months Ended
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Feb. 29, 2024
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 |  | Six Months Ended
| February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023
Net income | $ | 89.2 |  |  | $ | 83.2 |  |  | $ | 189.8 |  |  | $ | 158.1 |
Basic weighted average shares outstanding | 30.864 |  |  | 32.048 |  |  | 30.940 |  |  | 32.178 |
Common stock equivalents | 0.535 |  |  | 0.338 |  |  | 0.448 |  |  | 0.367 |
Diluted weighted average shares outstanding | 31.399 |  |  | 32.386 |  |  | 31.388 |  |  | 32.545 |
Basic earnings per share(1) | $ | 2.89 |  |  | $ | 2.60 |  |  | $ | 6.13 |  |  | $ | 4.91 |
Diluted earnings per share(1) | $ | 2.84 |  |  | $ | 2.57 |  |  | $ | 6.05 |  |  | $ | 4.86 |
_______________________________________ (1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.

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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 + Details
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