Earnings Per Share (Tables)

3 Months Ended

Nov. 30, 2022

Schedule of Earnings Per Share, Basic and Diluted

The following table calculates basic earnings per common share and diluted earnings per common share for the periods presented (in millions, except per share data):


	Three Months Ended
	November 30, 2022		November 30, 2021
Net income	$	74.9	$	87.6
Basic weighted average shares outstanding	32.308		35.063
Common stock equivalents	0.396		0.476
Diluted weighted average shares outstanding	32.704		35.539
Basic earnings per share(1)	$	2.32	$	2.50
Diluted earnings per share(1)	$	2.29	$	2.46

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(1) Earnings per share is calculated using unrounded numbers. Amounts in the table may not recalculate exactly due to rounding.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents stock options, performance stock awards, and restricted stock awards that were excluded from the diluted earnings per share calculation for the periods presented as the effect of inclusion would have been antidilutive (in millions):


	Three Months Ended
	November 30, 2022		November 30, 2021
Stock options	0.1		0.1
Performance stock awards	—	*	—	*
Restricted stock awards	0.1		—	*

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* Represents shares of less than 0.1 million.