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STOCKHOLDERS’ EQUITY AND EARNINGS PER SHARE (Tables) | 9 Months Ended
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May 31, 2024
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) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Net earnings |  | $ | 119,440 |  |  | $ | 233,971 |  |  | $ | 381,560 |  |  | $ | 675,594 |
Average basic shares outstanding |  | 115,529,942 |  |  | 117,066,623 |  |  | 116,228,826 |  |  | 117,192,710 |
Effect of dilutive securities |  | 1,134,943 |  |  | 1,331,276 |  |  | 1,354,229 |  |  | 1,554,374 |
Average diluted shares outstanding |  | 116,664,885 |  |  | 118,397,899 |  |  | 117,583,055 |  |  | 118,747,084 |
Earnings per share: |  |  |  |  |  |  |  |
Basic |  | $ | 1.03 |  |  | $ | 2.00 |  |  | $ | 3.28 |  |  | $ | 5.76 |
Diluted |  | 1.02 |  |  | 1.98 |  |  | 3.25 |  |  | 5.69 |

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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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