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Earnings Per Share (Tables) | 9 Months Ended
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May 31, 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 |  | Nine Months Ended
| May 31, 2024 |  | May 31, 2023 |  | May 31, 2024 |  | May 31, 2023
Net income | $ | 113.9 |  |  | $ | 105.0 |  |  | $ | 303.7 |  |  | $ | 263.1 |
Basic weighted average shares outstanding | 30.829 |  |  | 31.682 |  |  | 30.905 |  |  | 32.006 |
Common stock equivalents | 0.648 |  |  | 0.329 |  |  | 0.515 |  |  | 0.354 |
Diluted weighted average shares outstanding | 31.477 |  |  | 32.011 |  |  | 31.420 |  |  | 32.360 |
Basic earnings per share(1) | $ | 3.70 |  |  | $ | 3.31 |  |  | $ | 9.83 |  |  | $ | 8.22 |
Diluted earnings per share(1) | $ | 3.62 |  |  | $ | 3.28 |  |  | $ | 9.67 |  |  | $ | 8.13 |
_______________________________________ (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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