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Share Repurchases
9 Months Ended
May. 31, 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 nine months ended May 31, 2015, the Company repurchased 371,886 shares and 977,812 shares, respectively, of common stock for an aggregate purchase price of $29.1 million and $78.5 million, respectively. During the three and nine months ended May 31, 2014, the Company repurchased 129,104 shares and 207,624 shares, respectively, of common stock for an aggregate purchase price of $11.2 million and $17.8 million, respectivelyThe remaining amount available under the repurchase program was $30.5 million as of May 31, 2015.