EARNINGS PER SHARE

12 Months Ended

Aug. 31, 2025

NOTE 16. EARNINGS PER SHARE

Basic earnings per share ("EPS") is computed using the weighted average shares of common stock outstanding during the period. Restricted stock is included in the number of shares of common stock issued and outstanding, but excluded from the basic EPS calculation until the shares vest. Diluted EPS is computed based on the weighted average shares of common stock and the effect of dilutive securities outstanding during the period using the treasury stock method. The effect of dilutive securities includes the impact of outstanding stock-based incentive awards and shares purchased by employees through participation in the Company's employee stock purchase plan.

The calculations of basic and diluted EPS were as follows:


	Year Ended August 31,
(in thousands, except share and per share data)	2025		2024		2023
Net earnings	$	84,662	$	485,491	$	859,760

Average basic shares outstanding	112,994,381		115,844,977		117,077,703
Effect of dilutive securities	1,092,369		1,307,575		1,528,568
Average diluted shares outstanding	114,086,750		117,152,552		118,606,271

Earnings per share:
Basic	$	0.75	$	4.19	$	7.34
Diluted	0.74		4.14		7.25

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