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Share-Based Compensation
 9 Months Ended
May 31, 2013
Share-Based Compensation [Abstract]  
Share-Based Compensation

Note 11 – Share-Based Compensation

The Company measures and recognizes compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. The Company’s current share-based compensation plans, approved by the stockholders of the Company, provides for awards of stock options, restricted shares, restricted stock units (“RSUs”), stock appreciation rights, performance shares and performance stock units (“PSUs”) to employees and non-employee directors of the Company.  In connection with the RSUs, PSUs and stock options, the Company is accruing compensation expense based on the estimated number of shares expected to be issued utilizing the most current information available to the Company at the date of the financial statements. 

 

The PSUs vest contingent upon meeting various performance goals.  The awards actually earned may range from zero to two hundred percent of the targeted number of PSUs and will be paid in shares of common stock.  The performance goals are based upon a three-year revenue growth and a three-year average return on net assets over the performance period.  If defined performance goals are not met, no compensation cost will be recognized and any previously recognized compensation expense will be reversed.  Share-based compensation expense was $1.1 million and $0.8 million for the three months ended May 31, 2013 and 2012, respectively. Share-based compensation expense was $3.5 million and $2.6 million for the nine months ended May 31, 2013 and 2012, respectively.