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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Aug. 31, 2019
STOCK BASED COMPENSATION [Abstract]  
Summary of Shares Authorized and Shares Available for Future Grants



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

 

Shares available to grant



 

Shares authorized for issuance as of August 31, 2019

 

August 31,

 

August 31,



 

(including shares originally authorized for issuance under prior plans)

 

2019

 

2018

2013 Plan

 

827,250 

 

 

464,424 

 

 

566,324 



Summary of Components of Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended August 31,



 

2019

 

2018

 

2017

Options granted to directors

 

$

 —

 

$

 —

 

$

18 

Restricted stock awards

 

 

11,477 

 

 

7,476 

 

 

7,301 

Restricted stock units

 

 

2,820 

 

 

2,742 

 

 

2,370 

Performance based restricted stock units

 

 

764 

 

 

 —

 

 

 —

Stock-based compensation expense

 

$

15,061 

 

$

10,218 

 

$

9,689 



Summary of Other Information Related to Stock-Based Compensation









 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

Balance as of



 

August 31,

 

 

August 31,

 

August 31,



 

2019

 

 

2018

 

2017

Remaining unrecognized compensation cost (in thousands)

 

$

21,116 

 

 

$

29,473 

 

$

26,382 

Weighted average period of time over which this cost will be recognized (years)

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 



 

Years Ended



 

August 31,

 

 

August 31,

 

August 31,



 

2019

 

 

2018

 

2017

Excess tax benefit (deficiency) on stock-based compensation (in thousands)

 

$

(1,829)

 

 

$

530 

(1)

 $

165 



(1)

Beginning in the first quarter of fiscal year 2018, the Company began recording the tax savings resulting from tax deductions in excess of expense for stock-based compensation and the tax deficiencies resulting from stock-based compensation in excess of the related tax deduction as income tax expense or benefit, based on the adoption of ASU 2016-09.

Summary of Restricted Stock Awards and Units Activity



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended



 

August 31,

 

August 31,

 

August 31,



 

2019

 

2018

 

2017

Grants outstanding at beginning of period

 

 

385,417 

 

 

404,368 

 

 

509,880 

Granted

 

 

193,489 

 

 

132,031 

 

 

56,724 

Forfeited

 

 

(16,127)

 

 

(23,119)

 

 

(40,023)

Vested

 

 

(199,953)

 

 

(127,863)

 

 

(122,213)

Grants outstanding at end of period

 

 

362,826 

 

 

385,417 

 

 

404,368 



Summary of Weighted Average Per Share Grant Date Fair Value for Restricted Stock Awards and Units



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended



 

August 31,

 

August 31,

 

August 31,

Weighted Average Grant Date Fair Value

 

2019

 

2018

 

2017

RSAs, RSUs, and PSUs granted

 

$

65.11 

 

$

84.83 

 

$

87.43 

RSAs, RSUs, and PSUs vested

 

$

79.28 

 

$

79.36 

 

$

77.85 

RSAs, RSUs, and PSUs forfeited

 

$

75.02 

 

$

73.27 

 

$

77.19 



Summary of Total Fair Market Value of Restricted Stock Awards and Units Vested



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended



 

August 31,

 

August 31,

 

August 31,



 

2019

 

2018

 

2017

Total fair market value of RSAs, RSUs, and PSUs vested (in thousands)

 

$

12,302 

 

$

10,886 

 

$

10,135 



Summary of Shares Repurchased



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended



 

August 31,

 

August 31,

 

August 31,



 

2019

 

2018

 

2017

Shares repurchased

 

 

75,462 

 

 

37,414 

 

 

38,634 

Cost of repurchase of shares (in thousands)

 

$

4,604 

 

$

3,183 

 

$

3,193 



Summary of Treasury Shares Reissued



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Years Ended



 

August 31,

 

August 31,

 

August 31,



 

2019

 

2018

 

2017

Reissued treasury shares

 

 

63,130 

 

 

 —

 

 

 —