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Earnings Per Share (Tables)
3 Months Ended
Nov. 30, 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
November 30, 2024November 30, 2023
Net income$106.7 $100.6 
Basic weighted average shares outstanding30.930 31.005 
Common stock equivalents0.869 0.360 
Diluted weighted average shares outstanding31.799 31.365 
Basic earnings per share(1)
$3.45 $3.25 
Diluted earnings per share(1)
$3.35 $3.21 
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(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.