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STOCKHOLDERS EQUITY AND EARNINGS PER SHARE
 9 Months Ended
May 31, 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 Ended May 31,Nine Months Ended May 31,
(in thousands, except share data)2020201920202019
Earnings from continuing operations$64,169  $78,551  $210,520  $112,899  
Basic earnings per share:
       Shares outstanding for basic earnings per share119,192,962  118,045,362  118,828,870  117,762,945  
Basic earnings per share from continuing operations$0.54  $0.67  $1.77  $0.96  
Diluted earnings per share:
       Shares outstanding for basic earnings per share119,192,962  118,045,362  118,828,870  117,762,945  
Effect of dilutive securities:
Stock-based incentive/purchase plans1,085,779  1,100,204  1,448,867  1,250,069  
Shares outstanding for diluted earnings per share120,278,741  119,145,566  120,277,737  119,013,014  
Diluted earnings per share from continuing operations$0.53  $0.66  $1.75  $0.95  

Anti-dilutive shares not included above were immaterial for all periods presented.

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 nine months ended May 31, 2020, CMC did not
repurchase any shares of common stock. CMC had remaining authorization to repurchase $27.6 million of common stock at May 31, 2020.