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Shared-Based Compensation (Tables)
12 Months Ended
Aug. 31, 2016
Share-Based Compensation [Abstract]  
Schedule Of Share-Based Compensation Expense



 

 

 

 

 

 

 

 

 



 

 

For the years ended August 31,

($ in thousands)

 

2016

 

2015

 

2014

Share-based compensation expense included in cost of

 

 

 

 

 

 

 

 

 

    operating revenues

 

$

207 

 

$

161 

 

$

205 



 

 

 

 

 

 

 

 

 

Research and development

 

 

140 

 

 

121 

 

 

135 

Sales and marketing

 

 

455 

 

 

523 

 

 

570 

General and administrative

 

 

2,258 

 

 

2,527 

 

 

3,297 

Share-based compensation expense included in

 

 

 

 

 

 

 

 

 

    operating expenses

 

 

2,853 

 

 

3,171 

 

 

4,002 

Total share-based compensation expense

 

 

3,060 

 

 

3,332 

 

 

4,207 

Tax benefit

 

 

(1,138)

 

 

(1,240)

 

 

(1,594)

Share-based compensation expense, net of tax

 

$

1,922 

 

$

2,092 

 

$

2,613 



 

 

 

 

 

 

 

 

 



Schedule Of Assumptions Used



 

 

 

 

 

 



 

Grant year



 

Fiscal 2016

 

Fiscal 2015

Risk-free interest rate

 

 

1.8% 

 

 

2.0% 

Dividend yield

 

 

1.7% 

 

 

1.3% 

Expected life (years)

 

 

 

 

Volatility

 

 

46.3% 

 

 

53.6% 

Weighted average grant-date fair value of options granted

 

$

27.88 

 

$

40.66 



 

 

 

 

 

 



Summary Of Stock Option Activity





 

 

 

 

 

 

 

 

 

 



 

Number of stock options

 

Average exercise price

 

Average remaining contractual term (years)

 

Aggregate intrinsic value (thousands)

Stock options outstanding at August 31, 2014

 

86,623 

 

$

63.80 

 

7.3 

 

$

1,211 

     Granted

 

25,332 

 

$

83.53 

 

 

 

 

 

     Exercised

 

(9,859)

 

$

39.99 

 

 

 

$

425 

     Forfeited / cancelled

 

(5,720)

 

$

76.91 

 

 

 

 

 

Stock options outstanding at August 31, 2015

 

96,376 

 

$

70.65 

 

7.3 

 

$

710 

     Granted

 

39,999 

 

$

67.68 

 

 

 

 

 

     Exercised

 

(4,456)

 

$

25.47 

 

 

 

$

181 

     Forfeited / cancelled

 

(4,633)

 

$

72.14 

 

 

 

 

 

Stock options outstanding at August 31, 2016

 

127,286 

 

$

71.24 

 

7.4 

 

$

521 



 

 

 

 

 

 

 

 

 

 

Exercisable at August 31, 2014

 

30,130 

 

$

49.55 

 

5.3 

 

$

851 

Exercisable at August 31, 2015

 

39,449 

 

$

61.47 

 

6.1 

 

$

583 

Exercisable at August 31, 2016

 

57,250 

 

$

68.57 

 

6.1 

 

$

362 



Summary Of Share Based Compensation Additional Information



 

 

 

 

 

 

 

 

 



 

 

For the years ended August 31,

($ in thousands)

 

2016

 

2015

 

2014

Intrinsic value of stock options exercised

 

$

181 

 

$

425 

 

$

853 

Cash received from stock option exercises

 

$

113 

 

$

394 

 

$

455 

Tax benefit realized from stock option exercises

 

$

67 

 

$

158 

 

$

317 

Aggregate grant-date fair value of stock options vested

 

$

37.70 

 

$

36.71 

 

$

34.89 



 

 

 

 

 

 

 

 

 



Summary Of Restricted Stock Units



 

 

 

 

 

 



 

Number of

restricted

stock units

 

Weighted average grant-date fair value

Restricted stock units outstanding at August 31, 2014

 

 

59,153 

 

$

73.04 

     Granted

 

 

34,291 

 

 

80.94 

     Vested

 

 

(32,349)

 

 

72.28 

     Forfeited / Cancelled

 

 

(4,123)

 

 

77.55 

Restricted stock units outstanding at August 31, 2015

 

 

56,972 

 

$

78.54 

     Granted

 

 

48,022 

 

 

64.36 

     Vested

 

 

(30,634)

 

 

78.68 

     Forfeited / Cancelled

 

 

(7,306)

 

 

70.41 

Restricted stock units outstanding at August 31, 2016

 

 

67,054 

 

$

69.11 



Schedule Of Performance Stock Status



 

 

 

 

 

 



 

Number of performance
stock units

 

Weighted average grant-date fair value

Performance stock units outstanding at August 31, 2014

 

 

40,752 

 

$

67.81 

     Granted

 

 

12,328 

 

 

80.33 

     Vested

 

 

(15,786)

 

 

57.09 

     Forfeited / cancelled

 

 

(3,438)

 

 

76.44 

Performance stock units outstanding at August 31, 2015

 

 

33,856 

 

$

76.50 

     Granted

 

 

16,466 

 

 

64.37 

     Vested

 

 

(7,665)

 

 

74.31 

     Forfeited / cancelled

 

 

(4,509)

 

 

72.28 

Performance stock units outstanding at August 31, 2016

 

 

38,148 

 

$

72.20