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Earnings Per Share (Tables)
6 Months Ended
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 EndedSix Months Ended
February 29, 2024February 28, 2023February 29, 2024February 28, 2023
Net income$89.2 $83.2 $189.8 $158.1 
Basic weighted average shares outstanding30.864 32.048 30.940 32.178 
Common stock equivalents0.535 0.338 0.448 0.367 
Diluted weighted average shares outstanding31.399 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 
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(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.