XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.19.1

STOCK-BASED COMPENSATION PLANS | 6 Months Ended
--- | ---
Feb. 28, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stock-based compensation plans | NOTE 13. STOCK-BASED COMPENSATION PLANS The Company's stock-based compensation plans are described, and informational disclosures provided, in Note 15, Stock-Based Compensation Plans, to the audited consolidated financial statements in the 2018 Form 10-K. In general, restricted stock units granted during fiscal 2019 vest ratably over a period of three years. However, certain restricted stock units granted during fiscal 2019 cliff vest after a period of three years. Subject to the achievement of performance targets established by the Compensation Committee of CMC's Board of Directors, performance stock units granted during fiscal 2019 vest after a period of three years. During the six months ended February 28, 2019 and 2018, the Company granted the following awards under its stock-based compensation plans:
|  | February 28, 2019 |  | February 28, 2018
(in thousands, except per share data) |  | Shares Granted |  | Weighted Average Grant Date Fair Value |  | Shares Granted |  | Weighted Average Grant Date Fair Value
Equity Method |  | 1,505 |  |  | $ | 17.75 |  |  | 1,201 |  |  | $ | 20.71 |
Liability Method |  | 374 |  |  | N/A |  |  | 323 |  |  | N/A |
During the three and six months ended February 28, 2019 and 2018, the Company recorded immaterial amounts for mark-to-market adjustments on liability awards. As of February 28, 2019, the Company had 718,223 equivalent shares accounted for under the liability method outstanding. The Company expects 683,922 equivalent shares to vest. The following table summarizes total stock-based compensation expense, including fair value remeasurements, which was mainly included in selling, general and administrative expenses on the Company's unaudited condensed consolidated statements of earnings:
|  | Three Months Ended February 28, |  | Six Months Ended February 28,
(in thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Stock-based compensation expense |  | $ | 5,790 |  |  | $ | 8,557 |  |  | $ | 10,007 |  |  | $ | 13,338 |

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration