STOCKHOLDERS’ EQUITY AND EARNINGS PER SHARE (Tables)

9 Months Ended

May 31, 2026

Calculations of the basic and diluted earnings per share from continuing operations

The calculations of basic and diluted EPS were as follows:


	Three Months Ended May 31,				Nine Months Ended May 31,
(in thousands, except share and per share data)	2026		2025		2026		2025
Net earnings (loss)	$	173,015	$	83,126	$	443,329	$	(67,119)

Average basic shares outstanding	110,845,841		112,700,136		110,955,940		113,437,950
Effect of dilutive securities	869,039		859,320		1,023,550		—
Average diluted shares outstanding	111,714,880		113,559,456		111,979,490		113,437,950

Earnings (loss) per share:
Basic	$	1.56	$	0.74	$	4.00	$	(0.59)
Diluted	1.55		0.73		3.96		(0.59)

For all periods presented except for the nine months ended May 31, 2025, the Company had immaterial anti-dilutive shares, which were not included in the computation of average diluted shares outstanding. For the nine months ended May 31, 2025, the Company had 1,134,029 shares that were excluded from the computation of average diluted shares outstanding due to the Company's net loss position.