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STOCKHOLDERS EQUITY AND EARNINGS PER SHARE
 6 Months Ended
Feb. 29, 2020
Earnings Per Share [Abstract]  
Stockholder's equity and earnings per share
NOTE 12. STOCKHOLDERS' EQUITY AND EARNINGS PER SHARE

The calculations of basic and diluted earnings per share from continuing operations were as follows: 
Three Months EndedSix Months Ended
(in thousands, except share data)February 29, 2020February 28, 2019February 29, 2020February 28, 2019
Earnings from continuing operations$63,596  $14,928  $146,351  $34,348  
Basic earnings per share:
       Shares outstanding for basic earnings per share118,919,455  117,854,335  118,644,823  117,677,422  
Basic earnings per share from continuing operations$0.53  $0.13  $1.23  $0.29  
Diluted earnings per share:
       Shares outstanding for basic earnings per share118,919,455  117,854,335  118,644,823  117,677,422  
Effect of dilutive securities:
Stock-based incentive/purchase plans1,487,801  1,088,423  1,658,436  1,319,005  
Shares outstanding for diluted earnings per share120,407,256  118,942,758  120,303,259  118,996,427  
Diluted earnings per share from continuing operations$0.53  $0.13  $1.22  $0.29  

Anti-dilutive shares not included above were immaterial for the three and six months ended February 29, 2020, respectively. There were no anti-dilutive shares for the three and six months ended February 28, 2019.

Restricted stock is included in the number of shares of common stock issued and outstanding but omitted from the basic earnings per share calculation until the shares vest.
During the first quarter of fiscal 2015, CMC's Board of Directors authorized a share repurchase program under which CMC may repurchase up to $100.0 million of shares of common stock. During the six months ended February 29, 2020, CMC did not
repurchase any shares of common stock. CMC had remaining authorization to repurchase $27.6 million of common stock at February 29, 2020.