XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Share-Based Compensation | 3 Months Ended
--- | ---
Nov. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Share-Based Compensation | Note 12 – Share-Based Compensation 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. The Company measures and recognizes compensation expense for all share-based payment awards made to employees and directors based on estimated fair values. Share-based compensation expense was $1.3 million and $1.0 million for the three-month periods ended November 30, 2018 and November 30, 2017, respectively. The following table illustrates the type and fair value of the share-based compensation awards granted during the three-month periods ended November 30, 2018 and November 30, 2017:
|  | Three months ended |
|  | November 30, 2018 |  |  | November 30, 2017 |
|  | Number of units granted |  |  | Weighted average grant-date fair value per award |  |  | Number of units granted |  |  | Weighted average grant-date fair value per award |
Stock options |  |  | 38,337 |  |  | $ | 24.71 |  |  |  | 44,312 |  |  | $ | 30.73 |
RSUs |  |  | 29,013 |  |  | $ | 88.27 |  |  |  | 69,198 |  |  | $ | 87.06 |
PSUs |  |  | 20,631 |  |  | $ | 88.27 |  |  |  | 14,854 |  |  | $ | 88.06 |
The RSUs granted during the three-months ended November 30, 2018 and November 30, 2017 consisted of 3,071 and 3,980, respectively, of awards that will be settled in cash. The weighted average stock price on the date of the grant was $91.87 and $91.56 for the three-month periods ended November 30, 2018 and 2017, respectively. The following table provides the assumptions used in determining the fair value of the stock options awarded during the three-month periods ended November 30, 2018 and November 30, 2017:
|  | Grant Year |
|  | 2018 |  |  | 2017 |
Weighted-average dividend yield |  |  | 1.4 | % |  |  | 1.3 | %
Weighted-average volatility |  |  | 26.3 | % |  |  | 34.0 | %
Risk-free interest rate |  |  | 3.1 | % |  |  | 2.2 | %
Weighted-average expected lives |  | 6 years |  |  | 7 years |

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + 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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration