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Earnings per Share (Tables) | 12 Months Ended
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Aug. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | Basic and diluted earnings per share are calculated as follows:
(in millions, except per share data) | 2024 |  | 2023 |  | 2022
Earnings per share - basic |  |  |  |  |
Net income | $ | 13.0 |  |  | $ | 215.9 |  |  | $ | 390.6 |
Weighted average common shares outstanding | 29.2 |  |  | 30.3 |  |  | 32.5 |
Basic earnings per common share(1) | $ | 0.44 |  |  | $ | 7.12 |  |  | $ | 12.03 |
Earnings per share - diluted |  |  |  |  |
Net income | $ | 13.0 |  |  | $ | 215.9 |  |  | $ | 390.6 |
Interest expense on convertible notes, net of tax | — |  |  | 4.7 |  |  | — |
Diluted net income | $ | 13.0 |  |  | $ | 220.6 |  |  | $ | 390.6 |
Weighted average common shares outstanding | 29.2 |  |  | 30.3 |  |  | 32.5 |
Dilutive impact of stock compensation awards | 0.3 |  |  | 0.3 |  |  | 0.5 |
Dilutive impact of convertible notes | — |  |  | 4.8 |  |  | — |
Weighted average common shares outstanding, assuming dilution | 29.5 |  |  | 35.4 |  |  | 33.0 |
Anti-dilutive securities excluded from weighted average diluted common shares outstanding | 0.2 |  |  | 0.1 |  |  | 0.2 |
Diluted earnings per common share(1) | $ | 0.44 |  |  | $ | 6.23 |  |  | $ | 11.84 |
(1) Earnings per share amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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