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STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Aug. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Total awards granted
The following table summarizes the total awards granted:
 
 
Stock
Options/SARs
 
Restricted Stock
Awards/Units
 
Performance
Awards
2015 Grants
 
—

 
987,574

 
462,496

2014 Grants
 
—

 
1,191,544

 
450,233

2013 Grants
 
244,403

 
1,149,696

 
640,002
Restricted stock units and performance stock units, excluding the cash component

Information for restricted stock units and performance stock units, excluding the cash component, is as follows:
 
Number
 
Weighted Average
Grant-Date
Fair Value
Outstanding as of September 1, 2012
1,683,572

 
$
13.16

Granted
1,159,451

 
13.60

Vested
(537,303
)
 
13.35

Forfeited
(398,302
)
 
12.22

Outstanding as of August 31, 2013
1,907,418

 
13.57

Granted
1,275,355

 
16.89

Vested
(737,870
)
 
13.55

Forfeited
(364,323
)
 
14.94

Outstanding as of August 31, 2014
2,080,580

 
15.37

Granted
1,468,696

 
15.79

Vested
(712,279
)
 
14.33

Forfeited
(103,663
)
 
15.51

Outstanding as of August 31, 2015
2,733,334

 
$
15.86
Valuation assumptions for stock appreciation rights and stock options
The estimated fair value of stock appreciation rights and stock options granted under the Company's plans during the year ended August 31, 2013 of $0.6 million was estimated on the date of grant using the Black-Scholes Option Pricing Model with the following assumptions:
 
 
2013
Risk-free interest rate
 
0.41
%
Expected life, years
 
3.0

Expected volatility
 
43
%
Expected dividend yield
 
3.40
%
Weighted average grant-date fair value per share
 
$
3.38
Combined activity for stock appreciation rights and stock options, excluding the cash component
Combined activity for the Company's stock appreciation rights and stock options, excluding the cash component, is as follows:
 
Number
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual Life
(Years)
 
Aggregate
Intrinsic Value
Outstanding as of September 1, 2012
2,930,492

 
$
24.81

 
 
 
 
Granted
185,004

 
14.25

 
 
 
 
Exercised
(4,105
)
 
11.60

 
 
 
 
Forfeited/Expired
(457,961
)
 
24.91

 
 
 
 
Outstanding as of August 31, 2013
2,653,430

 
$
24.07

 
2.8
 
$
2,867,175

Exercised
(223,473
)
 
11.84

 
 
 
 
Forfeited/Expired
(992,926
)
 
32.93

 
 
 
 
Outstanding as of August 31, 2014
1,437,031

 
$
19.85

 
2.7
 
$
4,384,668

Exercised
(142,604
)
 
11.80

 

 
 
Forfeited/Expired
(452,210
)
 
35.10

 

 
 
Outstanding as of August 31, 2015
842,217

 
$
13.04

 
2.7
 
$
2,243,765

Exercisable at August 31, 2015
789,498

 
$
12.95

 
2.6
 
$
2,168,298

Remaining unvested stock appreciation rights and stock options expected to vest
50,083

 
$
14.27

 
 
 
 
Stock appreciation rights and stock options
Information related to stock appreciation rights and stock options as of August 31, 2015 is summarized below:
 
 
Stock Appreciation Rights and Stock Options Outstanding
 
Stock Appreciation Rights and Stock Options Exercisable
Range of Exercise Prices
 
Number Outstanding
 
Weighted Average Remaining Contractual Life (In Years)
 
Weighted
Average
Exercise
Price
 
Number Exercisable
 
Weighted Average Remaining Contractual Life (In Years)
 
Weighted
Average
Exercise
Price
$11.00
-
14.68
 
720,511

 
2.7
 
$
12.40

 
671,027

 
2.6
 
$
12.27

$16.54
-
16.83
 
121,706

 
2.5
 
$
16.81

 
118,471

 
2.5
 
$
16.81

 
 

 
842,217

 
2.7
 
$
13.04

 
789,498

 
2.6
 
$
12.95
Yearly activity of the stock purchase plan
Yearly activity of the stock purchase plan is as follows:
 
 
2015
 
2014
 
2013
Shares subscribed
 
198,710

 
228,780

 
281,460

Price per share
 
$
13.73

 
$
16.97

 
$
12.61

Shares purchased
 
172,170

 
221,570

 
211,580

Price per share
 
$
16.96

 
$
12.61

 
$
11.85

Shares available for future issuance
 
3,810,924