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Share Repurchase Plan
3 Months Ended
Nov. 30, 2013
Share Repurchase Plan [Abstract]  
Share Repurchase Plan

Note 8. Share Repurchase Plan 

 

On June 18, 2013, the Company’s Board of Directors approved a share buy-back plan. Under the plan, which is in effect from August 1, 2013 through August 31, 2015, the Company is authorized to acquire up to $60.0 million of its outstanding shares on such terms and conditions as may be acceptable to the Company’s Chief Executive Officer or Chief Financial Officer and subject to present loan covenants and in compliance with all laws and regulations applicable thereto. During the period from August 1, 2013 through November 30, 2013, the Company repurchased 123,616 shares at a total cost of $7.9 million.