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Subsequent Events
9 Months Ended
May 31, 2019
Subsequent Events [Abstract]  
Subsequent Events Note 15. Subsequent Events

On June 18, 2019, the Company’s Board of Directors declared a cash dividend of $0.61 per share payable on July 31, 2019 to shareholders of record on July 19, 2019.

On June 14, 2019, the U.S. Treasury released finalized regulations that specifically address, and are inconsistent with, the Company’s position regarding the interpretation and application of the Tax Act’s mandatory one-time “toll tax” on unremitted foreign earnings. On June 14, 2019, the U.S. Treasury released finalized regulations that specifically address, and are inconsistent with, the Company’s position regarding the interpretation and application of the Tax Act’s mandatory one-time “toll tax” on unremitted foreign earnings. These newly finalized regulations do not take precedence over enacted law. The Company is currently assessing its position given these finalized regulations and a change in that position would create a significant unfavorable impact on the Company’s provision for income taxes of between $5.0 million and $7.0 million.