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| STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY The following table presents the shares of common stock repurchased under our share repurchase program and acquired from holders of our stock-based awards upon vesting to satisfy tax withholding requirements: Share Repurchases
(1) In addition, we are subject to a 1% excise tax on corporate stock repurchases required under the Inflation Reduction Act of 2022 of $2.0 million and $0.7 million for three months ended May 31, 2026 and 2025, respectively, and $4.8 million and $2.0 million for the nine months ended May 31, 2026 and 2025, respectively. We may repurchase shares of our common stock under our share repurchase program from time-to-time in the open market or via privately negotiated transactions, subject to market conditions. There is no defined number of shares to be repurchased over a specified timeframe through the life of our share repurchase program. On June 17, 2025, our Board of Directors authorized up to $400 million for share repurchases on or after September 1, 2025. On December 16, 2025, our Board of Directors approved an additional $600 million in share repurchase authority, which was available immediately with no expiration date. The additional authorization also removed the expiration date from the June 17, 2025 authorization. As of May 31, 2026, $494.0 million remained available under our share repurchase program. In addition to our share repurchase program, we also acquire shares of our common stock from holders of our stock-based awards to satisfy withholding tax requirements due at vesting. Shares acquired from these holders do not reduce the amount authorized for repurchase under the share repurchase program. Refer to Part II, Item 2. Unregistered Sales of Equity Securities and Use of Proceeds, of this Quarterly Report on Form 10-Q for further discussion on our share repurchase activity. Equity-based Awards Refer to Note 14, Stock-Based Compensation for more information on equity awards issued during the nine months ended May 31, 2026 and May 31, 2025. Dividends Our Board of Directors approved the following dividends:
In the third quarter of fiscal 2026, our Board of Directors approved a 5% increase in the regular quarterly dividend from $1.10 to $1.16 per share. Future cash dividend payments are subject to final determination by our Board of Directors and will depend on our earnings, capital requirements, financial condition and other relevant factors. Accumulated Other Comprehensive Loss The components of Accumulated other comprehensive loss ("AOCL") as of May 31, 2026 and August 31, 2025 were as follows:
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