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SHAREHOLDERS' EQUITY (Tables)
 6 Months Ended
Feb. 28, 2021
SHAREHOLDERS' EQUITY [Abstract]  
Stock Option Activity
The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the six months ended February 28, 2021:

  
Number
of Options
  
Weighted Average
Exercise Price
  
Weighted Average
Remaining
Contractual Term
  
Approximate
Aggregate
Intrinsic Value
(in thousands)
 
Outstanding at August 31, 2020
  
661,500
  
$
7.23
   
6.17
  
$
1,831
 
Granted
  
115,000
  
$
9.00
         
Exercised
  
(5,000
)
  
2.76
         
Net settlement exercised
  
(24,500
)
 
$
3.07
         
Outstanding at February 28, 2021
  
747,000
  
$
7.64
   
6.68
   
3,078
 
                 
Options exercisable at February 28, 2021
  
528,667
  
$
6.78
   
5.61
   
2,634
 
Non-Vested Options
The following table summarizes the combined activity and value of non-vested options under the 2004 Equity Plan and 2014 Incentive Plan as of and for the six months ended February 28, 2021:

  
Number
of Options
  
Weighted Average
Grant Date
Fair Value
 
Non-vested options outstanding at August 31, 2020
  
179,999
  
$
4.31
 
Granted
  
115,000
  
$
3.78
 
Vested
  
(76,666
)
 
$
4.27
 
Forfeited (a)
  
—
  
$
—
 
Non-vested options outstanding at February 28, 2021
  
218,333
  
$
4.04
 

(a)
All non-vested options are expected to vest.