XML 63 R21.htm IDEA: XBRL DOCUMENT v2.4.1.9
Share Repurchases
6 Months Ended
Feb. 28, 2015
Share Repurchases [Abstract]  
Share Repurchases

 

 

Note 14 – Share Repurchases

On January 3, 2014, the Company announced that its Board of Directors authorized the Company to repurchase up to $150.0 million of common stock through January 2, 2016.  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 three and six months ended February 28, 2015, the Company repurchased 224,307 shares and 605,926 shares, respectively, of common stock for an aggregate purchase price of $19.4 million and $49.4 million, respectively. During the three and six months ended February 28, 2014, the Company repurchased 78,520 shares of common stock for an aggregate purchase price of $6.6 million.  The remaining amount available under the repurchase program was $59.6 million as of February 28, 2015.