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SHAREHOLDERS' EQUITY (Tables) | 3 Months Ended
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Nov. 30, 2023
Equity [Abstract] |
Schedule of Shares Outstanding | Shares Outstanding Shares of Company's common stock outstanding for the three months ended November 30, 2023 and 2022 were as follows:
|  |  |  | Three Months Ended November 30, |  |
(in thousands) |  |  |  |  |  | 2023 |  | 2022 |  |
Common stock outstanding, beginning of period |  |  |  |  |  | 19,938 |  |  | 20,260 |  |  |
Common stock issued during the period |  |  |  |  |  | 28 |  |  | 54 |  |  |
Common stock outstanding, end of period |  |  |  |  |  | 19,966 |  |  | 20,314 |  |  |
Schedule of Dividends Payable | Dividends The Company’s Board of Directors declared cash dividends during the fiscal years 2024 and 2023. The details of dividends paid are in the following tables:
(in thousands, except dividend per share) |  | Fiscal Year 2024
Record Date |  | Distribution Date |  | Number of Shares Outstanding on Record Date |  | Dividend per Share |  | Total Amount
10/30/2023 |  | 11/06/2023 |  | 19,939 |  |  | $ | 0.06 |  |  | $ | 1,196 |
(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 |
7/31/2023 |  | 8/07/2023 |  | 19,931 |  |  | $ | 0.06 |  |  | 1,196 |
Total |  |  |  |  |  |  |  | $ | 4,809 |
Share-based Payment Arrangement, Option, Activity | The following tables summarize information about stock options:
(in thousands, except per share and weighted-average amounts) |  |  |  |  |  |
Activity for the three months ended November 30, 2023 |  | Number of Options |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life
Outstanding, August 31, 2023 |  | 1,478 |  |  | $ | 34.62 |  |  | 6.62 years
Granted |  | 482 |  |  | 39.98 |  |  |
Exercised |  | (26) |  |  | 9.78 |  |  |
Canceled/Forfeited |  | (7) |  |  | 45.64 |  |  |
Outstanding, November 30, 2023 |  | 1,927 |  |  | $ | 36.25 |  |  | 7.30 years
Vested and Exercisable, November 30, 2023 |  | 809 |  |  | $ | 28.06 |  |  | 5.10 years
Vested and Expected to Vest, November 30, 2023 |  | 1,844 |  |  | $ | 36.06 |  |  | 7.19 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 three month period ended November 30, 2023 and fiscal year 2023:
(in thousands, except weighted-average amounts) |  | Three Months Ended November 30, 2023 |  | Fiscal Year 2023 |  |
Estimated fair value of awards granted |  | $ | 9,552 |  |  | $ | 10,067 |  |  |
Unvested Forfeiture Rate |  | 6.38 | % |  | 0.22 | % |  |
Weighted-average grant price |  | $ | 39.98 |  |  | $ | 43.78 |  |  |
Weighted-average market price |  | $ | 39.98 |  |  | $ | 43.78 |  |  |
Weighted-average volatility |  | 44.79 | % |  | 46.14 | % |  |
Weighted-average risk-free rate |  | 4.93 | % |  | 4.29 | % |  |
Weighted-average dividend yield |  | 0.60 | % |  | 0.55 | % |  |
Weighted-average expected life |  | 6.59 years |  | 6.55 years |  |
Share-based Payment Arrangement, Option, Exercise Price Range | The exercise prices for the options outstanding at November 30, 2023, ranged from $6.85 to $66.14, and the information relating to these options are as follows: (in thousands except prices and weighted-average amounts)
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 |  |  | 182 |  |  | 1.81 years |  | $ | 8.89 |  |  | 182 |  |  | 1.81 years |  | $ | 8.89 |
$ | 9.78 |  |  | $ | 18.76 |  |  | 148 |  |  | 3.24 years |  | $ | 10.10 |  |  | 148 |  |  | 3.24 years |  | $ | 10.10 |
$ | 18.77 |  |  | $ | 33.40 |  |  | 200 |  |  | 5.39 years |  | $ | 25.37 |  |  | 137 |  |  | 5.29 years |  | $ | 24.60 |
$ | 33.41 |  |  | $ | 47.63 |  |  | 1,125 |  |  | 9.06 years |  | $ | 41.21 |  |  | 212 |  |  | 7.90 years |  | $ | 40.94 |
$ | 47.64 |  |  | $ | 66.14 |  |  | 272 |  |  | 7.31 years |  | $ | 56.33 |  |  | 130 |  |  | 7.05 years |  | $ | 58.00 |
|  |  |  | 1,927 |  |  | 7.30 years |  | $ | 36.25 |  |  | 809 |  |  | 5.10 years |  | $ | 28.06 |

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