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SHAREHOLDERS' EQUITY (Tables) | 6 Months Ended
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Feb. 29, 2024
Equity [Abstract] |
Schedule of Shares Outstanding | Shares Outstanding Shares of Company's common stock outstanding for the three and six months ended February 29, 2024 and February 28, 2023 were as follows:
|  | Three Months Ended February 29, |  | Six Months Ended February 29, |  |
(in thousands) |  | February 29, 2024 |  | February 28, 2023 |  | February 29, 2024 |  | February 28, 2023 |  |
Common stock outstanding, beginning of period |  | 19,966 |  |  | 20,314 |  |  | 19,938 |  |  | 20,260 |  |  |
Common stock repurchased during the period |  | — |  |  | (409) |  |  | — |  |  | (409) |  |  |
Common stock issued during the period |  | 18 |  |  | 26 |  |  | 46 |  |  | 79 |  |  |
Common stock outstanding, end of period |  | 19,984 |  |  | 19,931 |  |  | 19,984 |  |  | 19,931 |  |  |
Schedule of Dividends Payable | The Company’s Board of Directors declared cash dividends during the six months ended February 29, 2024 and fiscal year 2023. The details of dividends paid are in the following tables:
(in thousands, except dividend per share) |  | Six Months Ended February 29, 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 |
1/29/2024 |  | 2/05/2024 |  | 19,973 |  |  | $ | 0.06 |  |  | 1,198 |
Total |  |  |  |  |  |  |  | $ | 2,394 |
(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 table summarizes information about stock options:
(in thousands, except per share and weighted-average amounts) |  |  |  |  |  |
Activity for the six months ended February 29, 2024 |  | 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 |  | 515 |  |  | 40.34 |  |  |
Exercised |  | (49) |  |  | 14.47 |  |  |
Canceled/Forfeited |  | (11) |  |  | 45.38 |  |  |
Outstanding, February 29, 2024 |  | 1,933 |  |  | $ | 36.58 |  |  | 7.13 years
Vested and Exercisable, February 29, 2024 |  | 861 |  |  | $ | 29.14 |  |  | 4.95 years
Vested and Expected to Vest, February 29, 2024 |  | 1,852 |  |  | $ | 36.40 |  |  | 7.02 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 six-month period ended February 29, 2024 and fiscal year 2023:
(in thousands, except weighted-average amounts) |  | Six Months Ended February 29, 2024 |  | Fiscal Year 2023 |  |
Estimated fair value of awards granted |  | $ | 10,256 |  |  | $ | 10,067 |  |  |
Unvested Forfeiture Rate |  | 6.38 | % |  | 0.22 | % |  |
Weighted-average grant price |  | $ | 40.34 |  |  | $ | 43.78 |  |  |
Weighted-average market price |  | $ | 40.34 |  |  | $ | 43.78 |  |  |
Weighted-average volatility |  | 44.70 | % |  | 46.14 | % |  |
Weighted-average risk-free rate |  | 4.86 | % |  | 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 February 29, 2024, 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 |  |  | 180 |  |  | 1.56 years |  | $ | 8.88 |  |  | 180 |  |  | 1.56 years |  | $ | 8.88 |
$ | 9.78 |  |  | $ | 18.76 |  |  | 146 |  |  | 2.99 years |  | $ | 10.08 |  |  | 146 |  |  | 2.99 years |  | $ | 10.08 |
$ | 18.77 |  |  | $ | 33.40 |  |  | 182 |  |  | 5.16 years |  | $ | 25.72 |  |  | 163 |  |  | 5.09 years |  | $ | 25.01 |
$ | 33.41 |  |  | $ | 47.63 |  |  | 1,154 |  |  | 8.84 years |  | $ | 41.34 |  |  | 213 |  |  | 7.66 years |  | $ | 40.92 |
$ | 47.64 |  |  | $ | 66.14 |  |  | 271 |  |  | 7.07 years |  | $ | 56.32 |  |  | 159 |  |  | 6.80 years |  | $ | 57.87 |
|  |  |  | 1,933 |  |  | 7.13 years |  | $ | 36.58 |  |  | 861 |  |  | 4.95 years |  | $ | 29.14 |

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