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EARNINGS PER SHARE (Tables) | 3 Months Ended
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Nov. 30, 2024
Earnings Per Share [Abstract] |
Schedule of the Computation of Net Income Per Share | The following table sets forth the computation of net income per share for the three months ended November 30, 2024 and 2023 (in thousands, except per share amounts):
|  |  | Three Months Ended
|  |  |  |  | November 30, 2024 |  | November 30, 2023
Net income |  |  |  |  | $ | 37,428 |  | $ | 38,047
Less: Allocation of income to unvested stockholders |  |  |  |  | (1,043) |  |  | (631) |
Net income available for distribution |  |  |  |  | $ | 36,385 |  | $ | 37,416
Basic weighted average shares outstanding |  |  |  |  | 30,019 |  | 30,269
Add dilutive effect of performance stock units (two-class method) |  |  |  |  | 1 |  | —
Diluted average shares outstanding |  |  |  |  | 30,020 |  | 30,269
Basic net income per share |  |  |  |  | $ | 1.21 |  | $ | 1.24
Diluted net income per share |  |  |  |  | $ | 1.21 |  | $ | 1.24

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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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