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SHAREHOLDERS' EQUITY (Tables) | 9 Months Ended
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May 31, 2023
Equity [Abstract] |
Schedule of Shares Outstanding | Shares Outstanding Shares of Company common stock outstanding for the three and nine months ended May 31, 2023 and 2022 were as follows:
|  | Three Months Ended May 31, |  | Nine Months Ended May 31,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Common stock outstanding, beginning of period |  | 19,930,623 |  |  | 20,181,784 |  |  | 20,260,070 |  |  | 20,141,521 |
Common stock repurchased during the period * |  | (83,356) |  |  | — |  |  | (492,041) |  |  | — |
Common stock issued during the period |  | 79,552 |  |  | 52,870 |  |  | 158,790 |  |  | 93,133 |
Common stock outstanding, end of period |  | 19,926,819 |  |  | 20,234,654 |  |  | 19,926,819 |  |  | 20,234,654 |
*Common stock repurchased per the ASR Agreement, as discussed in further detail, 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 |
4/24/2023 |  | 5/01/2023 |  | 19,999 |  |  | $ | 0.06 |  |  | 1,200 |
Total |  |  |  |  |  |  |  | $ | 3,613 |
(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 Nine Months Ended May 31, 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 |  | 450 |  |  | 43.82 |  |  |
Exercised |  | (157) |  |  | 12.04 |  |  |
Canceled/Forfeited |  | (54) |  |  | 43.00 |  |  |
Outstanding, May 31, 2023 |  | 1,484 |  |  | $ | 34.44 |  |  | 6.83 years
Vested and Exercisable, May 31, 2023 |  | 696 |  |  | $ | 23.51 |  |  | 4.74 years
Vested and Expected to Vest, May 31, 2023 |  | 1,478 |  |  | $ | 34.40 |  |  | 6.82 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) |  | Nine Months Ended May 31, 2023 |  | Fiscal Year 2022
Estimated fair value of awards granted |  | $ | 9,788 |  |  | $ | 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 |  | 46.15 | % |  | 42.80 | %
Weighted-average risk-free rate |  | 4.29 | % |  | 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 May 31, 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 |  |  | 203 |  |  | 2.21 years |  | $ | 8.69 |  |  | 203 |  |  | 2.21 years |  | $ | 8.69 |
$ | 9.78 |  |  | $ | 18.76 |  |  | 155 |  |  | 3.74 years |  | $ | 10.11 |  |  | 155 |  |  | 3.74 years |  | $ | 10.11 |
$ | 18.77 |  |  | $ | 33.40 |  |  | 210 |  |  | 5.89 years |  | $ | 25.34 |  |  | 146 |  |  | 5.80 years |  | $ | 24.57 |
$ | 33.41 |  |  | $ | 47.63 |  |  | 640 |  |  | 8.92 years |  | $ | 42.10 |  |  | 83 |  |  | 7.29 years |  | $ | 37.95 |
$ | 47.64 |  |  | $ | 66.14 |  |  | 276 |  |  | 7.81 years |  | $ | 56.34 |  |  | 109 |  |  | 7.53 years |  | $ | 58.02 |
|  |  |  | 1,484 |  |  | 6.83 years |  | $ | 34.44 |  |  | 696 |  |  | 4.74 years |  | $ | 23.51 |

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