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STOCKHOLDERS’ EQUITY AND EARNINGS PER SHARE (Tables) | 9 Months Ended
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May 31, 2023
Earnings Per Share [Abstract] |
Calculations of the basic and diluted earnings per share from continuing operations | The calculations of basic and diluted EPS were as follows:
|  | Three Months Ended May 31, |  | Nine Months Ended May 31,
(in thousands, except share and per share data) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Net earnings |  | $ | 233,971 |  |  | $ | 312,429 |  |  | $ | 675,594 |  |  | $ | 928,632 |
Average basic shares outstanding |  | 117,066,623 |  |  | 121,247,105 |  |  | 117,192,710 |  |  | 121,277,553 |
Effect of dilutive securities |  | 1,331,276 |  |  | 1,552,764 |  |  | 1,554,374 |  |  | 1,649,738 |
Average diluted shares outstanding |  | 118,397,899 |  |  | 122,799,869 |  |  | 118,747,084 |  |  | 122,927,291 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 2.00 |  |  | $ | 2.58 |  |  | $ | 5.76 |  |  | $ | 7.66 |
Diluted |  | $ | 1.98 |  |  | $ | 2.54 |  |  | $ | 5.69 |  |  | $ | 7.55 |

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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