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Share Repurchases
12 Months Ended
Aug. 31, 2014
Share Repurchases [Abstract]  
Share Repurchases

S. SHARE REPURCHASES

 

On January 3, 2014, the Company announced that its Board of Directors replaced its existing share repurchase authorization with an increased authorization to repurchase up to $150.0 million of common stock with the authorization effective through January 2, 2016.  On July 25, 2014, the Company adopted a written trading plan in connection with its share repurchase program for repurchasing its common stock in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.  During the twelve months ended August 31, 2014, the Company repurchased 497,899 shares of common stock for an aggregate purchase price of $41.1 million. During the twelve months ended August 31, 2013, the Company did not repurchase shares of common stock.  The remaining amount available under the repurchase program was $108.9 million as of August 31, 2014.