Approved increase in regular quarterly dividend (as a percent)

[Table of Contents](#i677b09687fd443618b9c84261c8e0734_7)We may repurchase shares of our common stock under the program from time-to-time in the open market and privately negotiated transactions, subject to market conditions. For the year ended August 31, 2022, we repurchased 46,200 shares for $18.6 million compared with 797,385 shares for $264.7 million for the year ended August 31, 2021. Beginning in the second quarter of fiscal 2022, we suspended our share repurchase program until at least the second half of fiscal 2023, with the exception of potential minor repurchases to offset dilution from grants of equity awards or repurchases to satisfy withholding tax obligations due upon the vesting of stock-based awards. The suspension of our share repurchase program allows us to prioritize the repayment of debt under the 2022 Credit Facilities. Refer to Note 12, Debt for more information on the 2022 Credit Facilities. Restricted StockRestricted stock awards entitle the holders to receive shares of common stock as the awards vest over time. For the year ended August 31, 2022, 39,499 shares of previously granted restricted stock vested and were included in common stock outstanding as of August 31, 2022 (recorded net of 14,489 shares repurchased from employees at a cost of $6.2 million to cover their cost of taxes upon vesting of the restricted stock). For the year ended August 31, 2021, 34,607 shares of previously granted restricted stock vested and were included in common stock outstanding as of August 31, 2021 (recorded net of 12,932 shares repurchased from employees at a cost of $4.3 million to cover their cost of taxes upon vesting of the restricted stock).DividendsOur Board of Directors declared dividends for the full years ended August 31, 2022 and August 31, 2021 as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Year Ended |  | Dividends perShare ofCommon Stock |  | Record Date |  | Total amount(in thousands) |  | Payment Date |
| Fiscal 2022 |  |  |  |  |  |  |  |  |
| First Quarter |  | $ | 0.82  |  |  | November 30, 2021 |  | $ | 30,973  |  |  | December 16, 2021 |
| Second Quarter |  | $ | 0.82  |  |  | February 28, 2022 |  | 31,065  |  |  | March 17, 2022 |
| Third Quarter |  | $ | 0.89  |  |  | May 31, 2022 |  | 33,795  |  |  | June 16, 2022 |
| Fourth Quarter |  | $ | 0.89  |  |  | August 31, 2022 |  | 33,860  |  |  | September 15, 2022 |
|     Total Dividends |  |  |  |  |  | $ | 129,693  |  |  |  |
|  |  |  |  |  |  |  |  |  |
| Fiscal 2021 |  |  |  |  |  |  |  |  |
| First Quarter |  | $ | 0.77  |  |  | November 30, 2020 |  | $ | 29,266  |  |  | December 17, 2020 |
| Second Quarter |  | $ | 0.77  |  |  | February 26, 2021 |  | 29,141  |  |  | March 18, 2021 |
| Third Quarter |  | $ | 0.82  |  |  | May 31, 2021 |  | 30,972  |  |  | June 17, 2021 |
| Fourth Quarter |  | $ | 0.82  |  |  | August 31, 2021 |  | 30,845  |  |  | September 16, 2021 |
|     Total Dividends |  |  |  |  |  | $ | 120,224  |  |  |  |

Future cash dividend payments will depend on our earnings, capital requirements, financial condition and other factors considered relevant by us and are subject to final determination by our Board of Directors.On April 28, 2022, our Board of Directors approved a 8.5% increase in the regular quarterly dividend from $0.82 to $0.89 per share. Accumulated Other Comprehensive LossThe components of AOCL are as follows:

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands) | August 31, 2022 |  | August 31, 2021 |
| Accumulated unrealized losses on cash flow hedges, net of tax | $ | 3,149  |  |  | $ | (2,095) |  |
| Accumulated foreign currency translation adjustments | (111,532) |  |  | (36,867) |  |
| Total AOCL | $ | (108,383) |  |  | $ | (38,962) |  |

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