XML 42 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
12 Months Ended
Aug. 31, 2021
Subsequent Events [Abstract]  
Subsequent Events Note 17. Subsequent Events

Dividend Declaration

On October 4, 2021, the Company’s Board of Directors declared a cash dividend of $0.72 per share payable on October 29, 2021 to shareholders of record on October 15, 2021.

Share Repurchase Plan

On October 12, 2021, the Company’s Board of Directors approved a new share buy-back plan. Under the plan, which will become effective on November 1, 2021, the Company is authorized to acquire up to $75.0 million of its outstanding shares through August 31, 2023. The timing and amount of repurchases are based on terms and conditions as may be acceptable to the Company’s Chief Executive Officer and Chief Financial Officer, subject to present loan covenants and in compliance with all laws and regulations applicable thereto.