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SHAREHOLDERS' EQUITY (Tables) | 6 Months Ended
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Feb. 28, 2023
Equity [Abstract] |
Schedule of Shares Outstanding | Shares Outstanding Shares of Company common stock outstanding for the three and six months ended February 28, 2023 and 2022 were as follows:
|  | Three Months Ended February 28, |  | Six Months Ended February 28,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Common stock outstanding, beginning of period |  | 20,313,755 |  |  | 20,168,796 |  |  | 20,260,070 |  |  | 20,141,521 |
Common stock repurchased during the period * |  | (408,685) |  |  | — |  |  | (408,685) |  |  | — |
Common stock issued during the period |  | 25,553 |  |  | 12,988 |  |  | 79,238 |  |  | 40,263 |
Common stock outstanding, end of period |  | 19,930,623 |  |  | 20,181,784 |  |  | 19,930,623 |  |  | 20,181,784 |
*Common stock repurchased per the ASR Agreement, as discussed in further detail in this footnote, below.
Schedule of Dividends Payable | Dividends The Company’s Board of Directors declared cash dividends during the fiscal years 2023 and 2022. 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 |
1/30/2023 |  | 2/06/2023 |  | 19,924 |  |  | $ | 0.06 |  |  | 1,195 |
Total |  |  |  |  |  |  |  | $ | 2,413 |
(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 The Six Months Ended February 28, 2023 |  | Number of Options |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2022 |  | 1,245 |  |  | $ | 28.61 |  |  | 6.14 years
Granted |  | 434 |  |  | 43.82 |  |  |
Exercised |  | (77) |  |  | 14.94 |  |  |
Canceled/Forfeited |  | (26) |  |  | 40.48 |  |  |
Outstanding, February 28, 2023 |  | 1,576 |  |  | $ | 33.27 |  |  | 6.85 years
Vested and Exercisable, February 28, 2023 |  | 766 |  |  | $ | 21.76 |  |  | 4.69 years
Vested and Expected to Vest, February 28, 2023 |  | 1,569 |  |  | $ | 33.23 |  |  | 6.84 years
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) |  | Six Months Ended February 28, 2023 |  | Fiscal Year 2022
Estimated fair value of awards granted |  | $ | 9,457 |  |  | $ | 4,597 |
Unvested Forfeiture Rate |  | 0.00 | % |  | 1.04 | %
Weighted-average grant price |  | $ | 43.82 |  |  | $ | 42.13 |
Weighted-average market price |  | $ | 43.82 |  |  | $ | 42.13 |
Weighted-average volatility |  | 46.26 | % |  | 42.80 | %
Weighted-average risk-free rate |  | 4.32 | % |  | 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 February 28, 2023, 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 |  |  | 259 |  |  | 2.27 years |  | $ | 8.33 |  |  | 259 |  |  | 2.27 years |  | $ | 8.33 |
$ | 9.78 |  |  | $ | 18.76 |  |  | 174 |  |  | 3.99 years |  | $ | 10.10 |  |  | 174 |  |  | 3.99 years |  | $ | 10.10 |
$ | 18.77 |  |  | $ | 33.40 |  |  | 214 |  |  | 6.15 years |  | $ | 25.37 |  |  | 147 |  |  | 6.06 years |  | $ | 24.62 |
$ | 33.41 |  |  | $ | 47.63 |  |  | 646 |  |  | 9.15 years |  | $ | 42.06 |  |  | 84 |  |  | 7.58 years |  | $ | 37.92 |
$ | 47.64 |  |  | $ | 66.14 |  |  | 283 |  |  | 8.07 years |  | $ | 56.27 |  |  | 102 |  |  | 7.68 years |  | $ | 58.55 |
|  |  |  | 1,576 |  |  | 6.85 years |  | $ | 33.27 |  |  | 766 |  |  | 4.69 years |  | $ | 21.76 |

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