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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

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