STOCK-BASED COMPENSATION PLANS

3 Months Ended

Nov. 30, 2024

Share-Based Payment Arrangement [Abstract]

NOTE 10. 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 2024 Form 10-K. In general, restricted stock units awarded to executive officers and other employees vest ratably over a period of three years. Subject to the achievement of performance targets established by the Compensation Committee of the Company's Board of Directors (the "Board"), performance stock units vest after a period of three years.

Information for restricted stock units and performance stock units accounted for as equity awards during the three months ended November 30, 2024 is as follows:


	Shares	Weighted Average Fair Value
Outstanding as of August 31, 2024	1,548,586	$	43.52
Granted	1,028,463	48.05
Vested	(1,095,813)	38.87
Forfeited	(41,545)	46.64
Outstanding as of November 30, 2024	1,439,691	$	50.20

The Company granted 172,992 equivalent shares in the form of restricted stock units and performance stock units accounted for as liability awards during the three months ended November 30, 2024. At November 30, 2024, the Company had outstanding 360,393 equivalent shares accounted for under the liability method. The Company expects 341,851 equivalent shares to vest.

Total stock-based compensation expense, including fair value remeasurements, which was primarily included in SG&A expenses in the Company's condensed consolidated statements of earnings (loss), was $10.2 million and $8.1 million for the three months ended November 30, 2024 and 2023, respectively.