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STOCK-BASED COMPENSATION PLANS | 3 Months Ended
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Nov. 30, 2021
Share-based Payment Arrangement [Abstract] |
Stock-based compensation plans | NOTE 11. STOCK-BASED COMPENSATION PLANS The Company's stock-based compensation plans are described in Note 13, Stock-Based Compensation Plans, to the consolidated financial statements in the 2021 Form 10-K. In general, restricted stock units vest ratably over 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 vest after a period of three years. During the three months ended November 30, 2021 and 2020, the Company granted the following awards under its stock-based compensation plans:
|  | November 30, 2021 |  | November 30, 2020
(in thousands, except share and per share data) |  | Shares Granted |  | Weighted Average Grant Date Fair Value |  | Shares Granted |  | Weighted Average Grant Date Fair Value
Equity method |  | 1,407 |  |  | $ | 27.77 |  |  | 1,399 |  |  | $ | 20.39 |
Liability method |  | 261 |  |  | N/A |  | 324 |  |  | N/A
The Company recorded immaterial mark-to-market adjustments on liability awards for the three months ended November 30, 2021 and 2020. At November 30, 2021, the Company had outstanding 591,483 equivalent shares accounted for under the liability method. The Company expects 561,908 equivalent shares to vest. The following table summarizes total stock-based compensation expense, including fair value remeasurements, which was primarily included in selling, general and administrative expenses on the Company's condensed consolidated statements of earnings:
|  | Three Months Ended November 30, |  |
(in thousands) |  | 2021 |  | 2020 |  |  |  |
Stock-based compensation expense |  | $ | 9,619 |  |  | $ | 9,062 |  |  |  |  |

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- Definition The entire disclosure for share-based payment arrangement. + 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 + Details
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