XML 44 R19.htm IDEA: XBRL DOCUMENT v3.25.2
STOCKHOLDERS EQUITY AND EARNINGS PER SHARE
 9 Months Ended
May 31, 2025
Earnings Per Share [Abstract]  
Stockholder's equity and earnings per share
NOTE 11. STOCKHOLDERS' EQUITY AND EARNINGS (LOSS) PER SHARE

The Company's calculation of basic earnings (loss) per share ("EPS") and diluted EPS is described in Note 16, Earnings Per Share, to the Company's consolidated financial statements in the 2024 Form 10-K.

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)2025202420252024
Net earnings (loss)$83,126 $119,440 $(67,119)$381,560 
Average basic shares outstanding112,700,136 115,529,942 113,437,950 116,228,826 
Effect of dilutive securities859,320 1,134,943 — 1,354,229 
Average diluted shares outstanding113,559,456 116,664,885 113,437,950 117,583,055 
Earnings (loss) per share:
Basic$0.74 $1.03 $(0.59)$3.28 
Diluted0.73 1.02 (0.59)3.25 
For all periods except for the nine months ended May 31, 2025, the Company had immaterial anti-dilutive shares, which were not included in the computation of average diluted shares outstanding. For the nine months ended May 31, 2025, the Company had 1,134,029 shares that were excluded from the computation of average diluted shares outstanding due to the Company's net loss position.
During the three and nine months ended May 31, 2025, the Company repurchased 1,113,014 and 2,939,098 shares of CMC common stock, respectively, at an average purchase price of $45.30 and $50.65 per share, respectively. Under the share repurchase program, the Company had remaining authorization to repurchase $254.9 million of shares of CMC common stock as of May 31, 2025. See Note 15, Capital Stock, to the Company's consolidated financial statements in the 2024 Form 10-K, for more information on the share repurchase program.