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SHAREHOLDERS' EQUITY (Tables) | 3 Months Ended
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Nov. 30, 2022
Equity [Abstract] |
Schedule of Shares Outstanding | Shares Outstanding Shares of Company common stock outstanding for the three months ended November 30, 2022 and 2021 were as follows:
| November 30,
| 2022 |  | 2021 |  |
Common stock outstanding, beginning of quarter | 20,260,070 |  |  | 20,141,521 |  |  |
Common stock issued during the quarter | 53,685 |  |  | 27,275 |  |  |
Common stock outstanding, end of quarter | 20,313,755 |  |  | 20,168,796 |  |  |
Schedule of Dividends Payable | Dividends The Company’s Board of Directors declared cash dividends during the fiscal years 2023 and 2021. The details of dividends paid are in the following tables:
(in thousands, except dividend per share) |  | Fiscal Year 2023
Record Date |  | Distribution Date |  | Number of Shares Outstanding on Record Date |  | Dividend per Share |  | Total Amount
10/31/2022 |  | 11/07/2022 |  | 20,299 |  |  | $ | 0.06 |  |  | $ | 1,218 |
Total |  |  |  |  |  |  |  | $ | 1,218 |
(in thousands, except dividend per share) |  | Fiscal Year 2022 |  |  |  |  |  |
Record Date |  | Distribution Date |  | Number of Shares Outstanding on Record Date |  | Dividend per Share |  | Total Amount
10/25/2021 |  | 11/01/2021 |  | 20,148 |  |  | $ | 0.06 |  |  | $ | 1,209 |
1/31/2022 |  | 2/07/2022 |  | 20,178 |  |  | $ | 0.06 |  |  | 1,211 |
4/25/2022 |  | 5/02/2022 |  | 20,207 |  |  | $ | 0.06 |  |  | 1,212 |
7/25/2022 |  | 8/01/2022 |  | 20,239 |  |  | $ | 0.06 |  |  | 1,214 |
Total |  |  |  |  |  |  |  | $ | 4,846 |
Share-based Payment Arrangement, Option, Activity | The following tables summarize information about stock options:
(in thousands, except per share and weighted-average amounts) |  |  |  |  |  |
Transactions during Three months ended November 30, 2022 |  | Number of Options |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2022 |  | 1,245 |  |  | $ | 28.61 |  |  | 6.14
Granted |  | 429 |  |  | 43.90 |  |  |
Exercised |  | (50) |  |  | 15.36 |  |  |
Canceled/Forfeited |  | (9) |  |  | 36.90 |  |  |
Outstanding, November 30, 2022 |  | 1,615 |  |  | $ | 33.04 |  |  | 7.05
Vested and Exercisable, November 30, 2022 |  | 716 |  |  | $ | 19.75 |  |  | 4.69
Vested and Expected to Vest, November 30, 2022 |  | 1,607 |  |  | $ | 32.99 |  |  | 7.05
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | The following table summarizes the fair value of the options, including both ISOs and NQSOs, granted during the current fiscal year 2023 and fiscal year 2022:
(in thousands, except prices) |  | Three Months Ended November 30, 2022 |  | Fiscal Year 2022
Estimated fair value of awards granted |  | $ | 9,374 |  |  | $ | 4,597 |
Unvested Forfeiture Rate |  | 0.00 | % |  | 1.04 | %
Weighted-average grant price |  | $ | 43.90 |  |  | $ | 42.13 |
Weighted-average market price |  | $ | 43.90 |  |  | $ | 42.13 |
Weighted-average volatility |  | 46.30 | % |  | 42.80 | %
Weighted-average risk-free rate |  | 4.33 | % |  | 1.74 | %
Weighted-average dividend yield |  | 0.55 | % |  | 0.58 | %
Weighted-average expected life |  | 6.59 years |  | 6.59 years
Share-based Payment Arrangement, Option, Exercise Price Range | The exercise prices for the options outstanding at November 30, 2022, ranged from $6.85 to $66.14, and the information relating to these options is as follows: (in thousands except prices)
Exercise Price |  | Awards Outstanding |  | Awards Exercisable
Low |  | High |  | Quantity |  | Weighted -Average Remaining Contractual Life |  | Weighted-Average Exercise Price |  | Quantity |  | Weighted-Average Remaining Contractual Life |  | Weighted-Average Exercise Price
$ | 6.85 |  |  | $ | 9.77 |  |  | 268 |  |  | 2.54 years |  | $ | 8.36 |  |  | 268 |  |  | 2.54 years |  | $ | 8.36 |
$ | 9.78 |  |  | $ | 18.76 |  |  | 184 |  |  | 4.24 years |  | $ | 10.10 |  |  | 184 |  |  | 4.24 years |  | $ | 10.10 |
$ | 18.77 |  |  | $ | 33.40 |  |  | 224 |  |  | 6.40 years |  | $ | 25.34 |  |  | 109 |  |  | 6.25 years |  | $ | 24.38 |
$ | 33.41 |  |  | $ | 47.63 |  |  | 651 |  |  | 9.39 years |  | $ | 42.08 |  |  | 84 |  |  | 7.84 years |  | $ | 37.92 |
$ | 47.64 |  |  | $ | 66.14 |  |  | 288 |  |  | 8.31 years |  | $ | 56.29 |  |  | 71 |  |  | 7.88 years |  | $ | 59.04 |
|  |  |  | 1,615 |  |  | 7.06 years |  | $ | 33.04 |  |  | 716 |  |  | 4.69 years |  | $ | 19.75 |

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