XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.24.2

SHAREHOLDERS' EQUITY (Tables) | 9 Months Ended
--- | ---
May 31, 2024
Equity [Abstract] |
Schedule of Shares Outstanding | Shares Outstanding Shares of Company's common stock outstanding for the three and nine months ended May 31, 2024, and May 31, 2023, were as follows:
|  | Three Months Ended |  | Nine Months Ended |  |
(in thousands) |  | May 31, 2024 |  | May 31, 2023 |  | May 31, 2024 |  | May 31, 2023 |  |
Common stock outstanding, beginning of period |  | 19,984 |  |  | 19,931 |  |  | 19,938 |  |  | 20,260 |  |  |
Common stock repurchased during the period |  | — |  |  | (83) |  |  | — |  |  | (492) |  |  |
Common stock issued during the period |  | 23 |  |  | 80 |  |  | 69 |  |  | 159 |  |  |
Common stock outstanding, end of period |  | 20,007 |  |  | 19,927 |  |  | 20,007 |  |  | 19,927 |  |  |
Schedule of Dividends Payable | The Company’s Board of Directors declared cash dividends during the nine months ended May 31, 2024 and fiscal year ended August 31, 2023. The details of dividends paid are in the following tables:
(in thousands, except dividend per share) |  | Nine Months Ended May 31, 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 |
4/29/2024 |  | 5/06/2024 |  | 19,998 |  |  | $ | 0.06 |  |  | 1,200 |
Total |  |  |  |  |  |  |  | $ | 3,594 |
(in thousands, except dividend per share) |  | Fiscal Year Ended August 31, 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 nine months ended May 31, 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 |  | 566 |  |  | 40.42 |  |  |
Exercised |  | (73) |  |  | 15.25 |  |  |
Canceled/Forfeited |  | (13) |  |  | 45.36 |  |  |
Outstanding, May 31, 2024 |  | 1,958 |  |  | $ | 36.95 |  |  | 7.01 years
Vested and Exercisable, May 31, 2024 |  | 851 |  |  | $ | 29.78 |  |  | 4.81 years
Vested and Expected to Vest, May 31, 2024 |  | 1,886 |  |  | $ | 36.80 |  |  | 6.92 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 nine-month period ended May 31, 2024 and for the fiscal year ended August 31, 2023:
(in thousands, except weighted-average amounts) |  | Nine Months Ended May 31, 2024 |  | Fiscal Year 2023 |  |
Estimated fair value of awards granted |  | $ | 11,229 |  |  | $ | 10,067 |  |  |
Unvested Forfeiture Rate |  | 5.80 | % |  | 0.22 | % |  |
Weighted-average grant price |  | $ | 40.42 |  |  | $ | 43.78 |  |  |
Weighted-average market price |  | $ | 40.42 |  |  | $ | 43.78 |  |  |
Weighted-average volatility |  | 44.47 | % |  | 46.14 | % |  |
Weighted-average risk-free rate |  | 4.79 | % |  | 4.29 | % |  |
Weighted-average dividend yield |  | 0.59 | % |  | 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 May 31, 2024, ranged from $6.85 to $66.14 per share, and the information relating to these options are as follows: (in thousands except prices and weighted-average amounts)
Exercise Price Per Share |  | 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 |  |  | 165 |  |  | 1.38 years |  | $ | 9.02 |  |  | 164 |  |  | 1.38 years |  | $ | 9.02 |
$ | 9.78 |  |  | $ | 18.76 |  |  | 145 |  |  | 2.74 years |  | $ | 10.08 |  |  | 145 |  |  | 2.74 years |  | $ | 10.08 |
$ | 18.77 |  |  | $ | 33.40 |  |  | 179 |  |  | 4.91 years |  | $ | 25.73 |  |  | 162 |  |  | 4.84 years |  | $ | 24.98 |
$ | 33.41 |  |  | $ | 47.63 |  |  | 1,199 |  |  | 8.65 years |  | $ | 41.35 |  |  | 212 |  |  | 7.45 years |  | $ | 41.06 |
$ | 47.64 |  |  | $ | 66.14 |  |  | 270 |  |  | 6.81 years |  | $ | 56.33 |  |  | 168 |  |  | 6.61 years |  | $ | 57.54 |
|  |  |  | 1,958 |  |  | 7.01 years |  | $ | 36.95 |  |  | 851 |  |  | 4.81 years |  | $ | 29.78 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's capital units or capital shares, including the value of capital units or capital shares, units authorized, units outstanding and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCapitalUnitsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482913/230-10-50-3 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration