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Shareholders' Equity
 12 Months Ended
Aug. 31, 2025
Shareholders' Equity [Abstract]  
Shareholders' Equity 10. SHAREHOLDERS’ EQUITY

Preferred Stock

We have 14.0 million shares of preferred stock authorized for issuance. At August 31, 2025 and 2024, no shares of preferred stock were issued or outstanding.

Purchases of Treasury Stock

On April 18, 2024, our Board of Directors approved a plan to purchase up to $50.0 million of our outstanding common stock. Through May 31, 2025, we purchased $22.1 million of our common stock on this Board authorized plan. On August 11, 2025, the Board of Directors approved a replenishment of the plan to purchase up to $50.0 million of common stock. On August 14, 2025 we initiated a 10b5-1 plan to purchase $10.0 million of our common stock on daily basis, which we expect to be completed in the first quarter of fiscal 2026. We purchased 167,753 shares for $3.3 million in August 2025 under the terms of the replenished purchase plan.

Purchases of common stock for treasury as presented in our consolidated statements of cash flows include both shares purchased on the open market and shares withheld for statutory taxes on our stock-based compensation awards (Note 12) and include the applicable 1% excise tax. Shares withheld for income taxes are valued at the market price on the date the stock-based plan shares were distributed to participants. The composition of shares purchased by us were as follows for the periods presented (cost in thousands):

Fiscal 2025

Fiscal 2024

Fiscal 2023

Shares

Cost

Shares

Cost

Shares

Cost

Open market purchases

791,152 

$

20,377 

524,548 

$

20,416 

867,873 

$

34,720 

Shares withheld on awards

147,624 

5,997 

251,686 

10,333 

17,639 

835 

938,776 

$

26,374 

776,234 

$

30,749 

885,512 

$

35,555