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Share Repurchases
12 Months Ended
Aug. 31, 2016
Share Repurchases [Abstract]  
Share Repurchases

Note 19 – Share Repurchases



On January 3, 2014, the Company announced that its Board of Directors authorized a share repurchase program of up to $150.0 million of common stock through January 2, 2016.  On July 22, 2015, the Company announced that its Board of Directors increased its outstanding share repurchase authorization by $100.0 million with no expiration.  Under the program, shares may be repurchased in privately negotiated and/or open market transactions as well as under formalized trading plans 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, 2016, the Company repurchased 688,790 shares for an aggregate purchase price of $48.3 million.  During the twelve months ended August 31, 2015, the Company repurchased 1,198,089 shares of common stock for an aggregate purchase price of $96.9 million.  The remaining amount available under the repurchase program was $63.7 million as of August 31, 2016.