6 unchanged sentences
The Company's Board of Directors has authorized the repurchase of shares of the Company's common stock under publicly announced share repurchase programs.
−Removed: Since the inception of the initial share repurchase program in fiscal 2012, the Company has repurchased 30,082,181 shares of common stock for $839 million.
In March 2022, the Company's Board of Directors rescinded its prior share repurchase authorization and approved a new share repurchase program authorizing the repurchase of a total of 10,000,000 shares of the Company's outstanding common stock.
As of August 31, 2025, the maximum number of shares that may yet be purchased under this authorization is 1,017,849 shares.
−Removed: In December 2023, the Company's Board of Directors authorized the retirement of the Company's repurchased shares, and the Company retired 29,841,209 treasury shares.
−Removed: The initial share retirement resulted in reductions of $ 6.0 million in Class A Common Stock and $ 824.6 million in Retained Earnings reflected in the Condensed Consolidated Balance Sheets at August 31, 2024.
−Removed: Shares repurchased after December 18, 2023 were retired upon repurchase.
−Removed: In addition to the initial share retirement, the Company repurchased and retired 240,972 shares during the year-ended August 31, 2024.
+Added: In December 2023, the Company's Board of Directors authorized the retirement of the Company's repurchased shares.
+Added: Company repurchased and retired 1,309,466 shares for $ 38.4 million in fiscal 2024 and 1,699,200 shares for $ 68.7 million in fiscal 2025.
The following table summarizes share repurchases during the fourth quarter of fiscal 2025, all of which were purchased under publicly announced share repurchase programs.
−Removed: Period Shares Repurchased Average Price Paid per Share Maximum Number of Shares That May Yet Be Purchased Under the Program
−Removed: June 1 to June 30, 2024 — $ — 2,860,748
−Removed: July 1 to July 31, 2024 — — 2,860,748
−Removed: August 1 to August 31, 2024 143,699 39.40 2,717,049
+Added: Period Shares
+Added: Repurchased Average Price Paid Per Share Maximum Number of Shares that May Yet Be Purchased Under the Program
+Added: Jun 1 to June 30, 2025 36,498 $ 42.42 2,020,501
+Added: Jul 1 to July 31, 2025 796,920 38.35 1,223,581
+Added: Aug 1 to August 31, 2025 205,732 39.06 1,017,849
1,039,150 $ 38.63
+Added: On October 10, 2025 , the Company’s Board of Directors authorized the repurchase of shares of the Company’s common stock for up to $ 200 million .
+Added: The Company’s management is authorized to determine the timing and amount of any such repurchases based on its evaluation of market conditions, capital alternatives, and other factors.
+Added: Purchases under this authorization may be effected from time to time in both open market and privately negotiated transactions and may also be made under Rule 10b5-1 plans, which permit the Company to repurchase shares when it otherwise would be precluded from doing so under insider trading laws.
+Added: This new share repurchase authorization expires on October 31, 2029 or earlier as may be determined by the Company’s Board of Directors or an authorized committee.
+Added: The new share repurchase authorization replaces the prior authorization except to the extent of purchases under the Company’s Rule 10b5-1 plan then in place.
Performance Graph
14 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.